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HomeMy WebLinkAbout2025-12-09 Work Session & Regular Meeting Packet AGENDA City Council Work Session Tuesday, December 9, 2025 @ 5:30 PM Anna Municipal Complex - Council Chambers 120 W. 7th Street, Anna, Texas 75409 The City Council of the City of Anna will meet in a Closed Session on Tuesday, December 9, 2025, at 5:30 PM, in the Anna Municipal Complex – Council Chambers, located at 120 W. 7th Street, to consider the following items. 1. Call to Order, Roll Call, and Establishment of Quorum. 2. Closed Session (Exceptions). Under Tex. Gov't Code Chapter 551, the City Council may enter into Closed Session to discuss any items listed or referenced on this Agenda under the following exceptions: a. Consult with legal counsel regarding pending or contemplated litigation and/or on matters in which the duty of the attorney to the governmental body under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas clearly conflicts with Chapter 551 of the Government Code (Tex. Gov’t Code §551.071). Potential regulations on council-branded apparel. Council Communication Policies. b. Discuss or deliberate the purchase, exchange, lease, or value of real property (Tex. Gov’t Code §551.072). c. Discuss or deliberate Economic Development Negotiations: (1) To discuss or deliberate regarding commercial or financial information that the City has received from a business prospect that the City seeks to have locate, stay, or expand in or near the territory of the City of Anna and with which the City is conducting economic development negotiations; or (2) To deliberate the offer of a financial or other incentive to a business prospect described by subdivision (1). (Tex. Gov’t Code §551.087). d. Discuss or deliberate personnel matters (Tex. Gov’t Code §551.074). City Manager, City Council. The Council further reserves the right to enter into Executive Session at any time throughout any duly noticed meeting under any applicable exception to the Open Meetings Act. 3. Consider/Discuss/Action on any items listed on any agenda - work session, regular meeting, or closed session - that is duly posted by the City of Anna for any City Council meeting occurring on the same date as the meeting noticed in this agenda. 4. Adjourn. This is to certify that I, Carrie L. Land, City Secretary, posted this Agenda on the City’s Website (www.annatexas.gov) and at the Anna Municipal Complex bulletin board at or before 5:00 p.m. on 12/03/2025. 1. The Council may vote and/or act upon each of the items listed on this Agenda. 2. The Council reserves the right to retire into executive session concerning any of the items listed on this Agenda, whenever it is considered necessary and legally justified under the Open Meetings Act. 3. In accordance with the Americans with Disabilities Act, it is the policy of the City of Anna to offer its public programs, services, and meetings in a manner that is readily accessible to everyone, including individuals with disabilities. If you are a person with a disability and require information or materials in an appropriate alternative format, or if you require any other accommodation, please contact the ADA Coordinator at least 48 working hours in advance of the event by emailing adacompliance@annatexas.gov. Advance notification within this guideline will enable the City to make reasonable arrangements to ensure accessibility. AGENDA City Council Meeting Tuesday, December 9, 2025 @ 6:00 PM Anna Municipal Complex - Council Chambers 120 W. 7th Street, Anna, Texas 75409 The City Council of the City of Anna will meet on Tuesday, December 9, 2025, at 6:00 PM, in the Anna Municipal Complex – Council Chambers, located at 120 W. 7th Street, to consider the following items. Welcome to the City Council meeting. If you wish to speak on an Open Session agenda item, please fill out the Opinion/Speaker Registration Form and turn it in to the City Secretary before the meeting starts. 1. Call to Order, Roll Call, and Establishment of Quorum. 2. Invocation and Pledge of Allegiance. American Pledge: I pledge allegiance to the flag of the United States of America, and to the republic for which it stands, one nation under God, indivisible and justice for all. Texas Pledge: Honor the Texas flag; I pledge allegiance to thee, Texas, one state under God, one and indivisible. 3. Neighbor Comments. At this time, any person may address the City Council regarding an item on this meeting Agenda that is not scheduled for public hearing. Also, at this time, any person may address the City Council regarding an item that is not on this meeting Agenda. Each person will be allowed up to three (3) minutes to speak. No discussion or action may be taken at this meeting on items not listed on this Agenda, other than to make statements of specific information in response to a citizen's inquiry or to recite existing policy in response to the inquiry. 4. Reports. Receive reports from Staff or the City Council about items of community interest. Items of community interest include: expression of thanks, congratulations, or condolence; information regarding holiday schedules; an honorary or salutary recognition of a public official, public employee, or other citizen (but not including a change in status of a person's public office or public employment); a reminder about an upcoming event organized or sponsored by the governing body; information regarding a social, ceremonial, or community event organized or sponsored by an entity other than the governing body that was attended or is scheduled to be attended by a member of the governing body or an official or employee of the municipality; and announcements involving an imminent threat to the public health and safety of people in the municipality that has arisen after the posting of the Agenda. 5. Work Session. a. Presentation on WhitegloveAI (City Council) b. Discussion on establishing a multidisciplinary working focus group to coordinate efforts on downtown zoning updates, development of design/illustration guidelines, and evaluation of a potential downtown historic district. (Director of Development Services Kaleb Kentner) 6. Consent Items. These items consist of non-controversial or "housekeeping" items required by law. Items may be considered individually by any Council Member making such request prior to a motion and vote on the Consent Items. a. Approve City Council Meeting Minutes for November 12, 2025, November 17, 2025, and December 1, 2025. (City Secretary Carrie Land) b. Review Minutes of the October 2, 2025, Joint Community Development Corporation and Economic Development Corporation Board Meeting. (Director of Economic Development Joey Grisham) c. Approve a Resolution regarding a requested waiver for Wedge Stone Drive in Meadow Vista, Phase 4. (Planning Manager, Lauren Mecke) d. Approve the Quarterly Investment Report for the Period Ending September 30, 2025. (Director of Finance Terri Doby) e. Approve an Ordinance granting to Oncor Electric Delivery Company LLC, its successors and assigns, an electric power franchise to use the present and future streets, alleys, highways, public utility easements, and public rights-of- way of the City of Anna, Texas. (Director of Finance Terri Doby) f. Approve a Resolution to approve a Joinder and Amendment to the Economic Development Incentive Agreement between Anna Economic Development Corporation, Foursquare Healthcare, LTD., and Anna RE Development, LLC. (Assistant Director of Economic Development Natasha Roach) g. Approve a Resolution authorizing the Acting City Manager to execute a professional service agreement with Kimley-Horn for Water, Wastewater and Roadway Master Plan Updates and XAK-PACK Pump Testing. (City Engineer Kevin Bates, P.E.) h. Approve a Resolution for an extension of the Agreement with Collin County for Animal Control Sheltering. (Director of Neighborhood Services Kevin Martin) i. Approve an Ordinance designating the official newspaper as the Celina Record/Star Local Media for publishing ordinances, notices, or other matters required by law or ordinance. (City Secretary Carrie Land) 7. Items For Individual Consideration and Public Hearings. At the time and place of any public hearing held during this meeting, all persons who desire will have an opportunity to be heard in opposition to or in favor of the ordinance, application, or other proposed item. a. [WITHDRAWN] Conduct a public hearing/consider/discuss/action on an Ordinance (Parks at Foster Crossing) (Planning Manager Lauren Mecke) b. First Reading of a Resolution approving an amendment to a project of the Anna Community Development Corporation authorizing an expenditure not to exceed $128,904 for the demolition of structures which are located on the downtown CDC-owned properties. (Assistant Director of Economic Development Natasha Roach) c. Second Reading of a Resolution approving an amendment to a project of the Anna Community Development Corporation authorizing an expenditure not to exceed $128,904 for the demolition of structures which are located on the downtown CDC-owned properties. (Assistant Director of Economic Development Natasha Roach) d. Consider/Discuss/Action on a Resolution approving an amendment to an Anna Community Development Corporation agreement and authorizing an expenditure not to exceed $128,904 for the demolition of structures which are located on the downtown CDC-owned properties. (Assistant Director of Economic Development Natasha Roach) e. First Reading of a Resolution approving a project of the Anna Community Development Corporation authorizing an expenditure not to exceed $154,400 for contract service purposes subject to CDC Board approval. (Assistant Director of Economic Development Natasha Roach) f. Second Reading of a Resolution approving a project of the Anna Community Development Corporation authorizing an expenditure not to exceed $154,400 for contract service purposes subject to CDC Board approval. (Assistant Director of Economic Development Natasha Roach) g. Consider/Discuss/Action on a Resolution approving an agreement between the Anna Community Development Corporation and Toole Design Group, LLC and authorizing an expenditure not to exceed $154,400 for contract service purposes subject to CDC Board approval. (Assistant Director of Economic Development Natasha Roach) h. Conduct a Public Hearing regarding the creation of Liberty Hills Public Improvement District No. 2 pursuant to Section 372.009, Texas Local Government Code and Consider/Discuss/Action a resolution approving the creation of the Liberty Hills Public Improvement District No. 2 and Ordering Public Improvements to be made for the benefit of such District; providing for a severability clause; providing an effective date; and containing other matters relating to the subject. (Director of Economic Development Joey Grisham) i. Conduct a Public Hearing regarding the creation of Liberty Hills Public Improvement District No. 3 pursuant to Section 372.009, Texas Local Government Code and Consider/Discuss/Action on a resolution approving the creation of the Liberty Hills Public Improvement District No. 3 and Ordering Public Improvements to be made for the benefit of such District; providing for a severability clause; providing an effective date; and containing other matters relating to the subject. (Director of Economic Development Joey Grisham) j. First Reading of a Resolution approving a loan agreement between the Anna Community Development Corporation and Government Capital Corporation to finance land acquisition. (Director of Economic Development Joey Grisham) k. Second Reading of a Resolution approving a loan agreement between the Anna Community Development Corporation and Government Capital Corporation to finance land acquisition. (Director of Economic Development Joey Grisham) l. Consider/Discuss/Action on a Resolution approving a loan agreement between the Anna Community Development Corporation and Government Capital Corporation to finance land acquisition. (Director of Economic Development Joey Grisham) m. Conduct a Public Hearing and Consider/Discuss/Action on an Ordinance of the City Council of the City of Anna, Texas, designating a geographic area located within the corporate limits and extraterritorial jurisdiction of the City as a Tax Increment Reinvestment Zone pursuant to Chapter 311 of the Texas Tax Code, to be known as Reinvestment Zone Number Seven, City of Anna, Texas; describing the boundaries of the zone; creating a Board of Directors for the zone and appointing members of the board; establishing a Tax Increment Fund (TIRZ No. 7 Fund) for the zone, containing findings related to the creation of the zone; providing a date for the termination of the zone; providing that the zone take effect immediately upon passage of the ordinance; providing a severability clause; and providing an effective date. (Director of Economic Development Joey Grisham) n. Conduct a Public Hearing and Consider/Discuss/Action on an Ordinance of the City Council of the City of Anna, Texas, designating a geographic area located within the corporate limits and extraterritorial jurisdiction of the City as a Tax Increment Reinvestment Zone pursuant to Chapter 311 of the Texas Tax Code, to be known as Reinvestment Zone Number Eight, City of Anna, Texas; describing the boundaries of the zone; creating a Board of Directors for the zone and appointing members of the board; establishing a Tax Increment Fund (TIRZ No. 8 Fund) for the zone, containing findings related to the creation of the zone; providing a date for the termination of the zone; providing that the zone take effect immediately upon passage of the ordinance; providing a severability clause; and providing an effective date. (Director of Economic Development Joey Grisham) o. Conduct a Public Hearing and Consider/Discuss/Action on an Ordinance of the City Council of the City of Anna, Texas, designating a geographic area located within the corporate limits of the City as a Tax Increment Reinvestment Zone pursuant to Chapter 311 of the Texas Tax Code, to be known as Reinvestment Zone Number Nine, City of Anna, Texas; describing the boundaries of the zone; creating a Board of Directors for the zone and appointing members of the board; establishing a Tax Increment Fund (TIRZ No. 9 Fund) for the zone, containing findings related to the creation of the zone; providing a date for the termination of the zone; providing that the zone take effect immediately upon passage of the ordinance; providing a severability clause; and providing an effective date. (Director of Economic Development Joey Grisham) p. First Reading of a Resolution approving a project of the Anna Community Development Corporation to acquire property including entering into a purchase and sale contract to acquire property near the intersection of Powell Pkwy. and FM 455,and a leaseback for the property. (Director of Economic Development Joey Grisham) q. Second reading of a Resolution approving a project of the Anna Community Development Corporation to acquire property including entering into a purchase and sale contract to acquire property near the intersection of Powell Pkwy. and FM 455,and a leaseback for the property (Director of Economic Development Joey Grisham) r. Consider/Discuss/Action on a Resolution approving a project of the Anna Community Development Corporation to acquire property including entering into a purchase and sale contract to acquire property near the intersection of Powell Pkwy. and FM 455, and with a leaseback for property. (Director of Economic Development Joey Grisham) s. Consider/Discuss/Action on a Resolution approving a project of the Anna Economic Development Corporation including entering into a Purchase and Sale Contract to acquire property near the intersection of Hackberry Drive and N. Powell Pkwy. (Assistant Director of Economic Development Natasha Roach) t. Consider/Discuss/Action on a Resolution approving a Development Agreement with VC Liberty Hills, LLC. (Director of Economic Development Joey Grisham) u. Consider/Discuss/Action on a Resolution approving an Economic Development Agreement with VC Liberty Hills, LLC. (Director of Economic Development Joey Grisham) v. Consider/Discuss/Action on a Resolution casting votes for the Collin CAD Board of Directors. (City Secretary Carrie Land) w. Consider/Discuss/Action on appointments to Boards and Commissions (Interview Committee) x. Consider/Discuss/Action on the Mayor's Office at the Municipal Complex. (Councilmember Singh) 8. Closed Session (Exceptions). Under Tex. Gov't Code Chapter 551, the City Council may enter into Closed Session to discuss any items listed or referenced on this Agenda under the following exceptions: a. Consult with legal counsel regarding pending or contemplated litigation and/or on matters in which the duty of the attorney to the governmental body under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas clearly conflicts with Chapter 551 of the Government Code (Tex. Gov’t Code §551.071). Potential regulations on council-branded apparel. Council Communication Policies. b. Discuss or deliberate the purchase, exchange, lease, or value of real property (Tex. Gov’t Code §551.072). c. Discuss or deliberate Economic Development Negotiations: (1) To discuss or deliberate regarding commercial or financial information that the City has received from a business prospect that the City seeks to have locate, stay, or expand in or near the territory of the City of Anna and with which the City is conducting economic development negotiations; or (2) To deliberate the offer of a financial or other incentive to a business prospect described by subdivision (1). (Tex. Gov’t Code §551.087). d. Discuss or deliberate personnel matters (Tex. Gov’t Code §551.074). City Manager, City Council The Council further reserves the right to enter into Executive Session at any time throughout any duly noticed meeting under any applicable exception to the Open Meetings Act. 9. Consider/Discuss/Action on any items listed on any agenda - work session, regular meeting, or closed session - that is duly posted by the City of Anna for any City Council meeting occurring on the same date as the meeting noticed in this agenda. 10. Adjourn. This is to certify that I, Carrie L Land, City Secretary, posted this Agenda on the City’s website (www.annatexas.gov) and at the Anna Municipal Complex bulletin board at or before 5:00 p.m. on 12/03/2025. Carrie L. Land, City Secretary 1. The Council may vote and/or act upon each of the items listed in this Agenda. Notwithstanding the foregoing or any other statement in this Agenda, the Council shall not take action on any item until after providing an opportunity for public testimony under the "Neighbor Comments" item or after any public hearing held under applicable law. 2. The Council reserves the right to retire into closed executive session concerning any of the items listed on this agenda, whenever it is considered necessary and legally justified under the Open Meeting Act. 3. In accordance with the Americans with Disabilities Act, it is the policy of the City of Anna to offer its public programs, services, and meetings in a manner that is readily accessible to everyone, including individuals with disabilities. If you are a person with a disability and require information or materials in an appropriate alternative format, or if you require any other accommodation, please contact the ADA Coordinator at least 48 working hours in advance of the event by emailing adacompliance@annatexas.gov. Advance notification within this guideline will enable the City to make reasonable arrangements to ensure accessibility. Item No. 5.a. City Council Agenda Staff Report Meeting Date: 12/9/2025 Staff Contact: AGENDA ITEM: Presentation on WhitegloveAI (City Council) SUMMARY: FINANCIAL IMPACT: BACKGROUND: STRATEGIC CONNECTIONS: ATTACHMENTS: Item No. 5.b. City Council Agenda Staff Report Meeting Date: 12/9/2025 Staff Contact: AGENDA ITEM: Discussion on establishing a multidisciplinary working focus group to coordinate efforts on downtown zoning updates, development of design/illustration guidelines, and evaluation of a potential downtown historic district. (Director of Development Services Kaleb Kentner) SUMMARY: FINANCIAL IMPACT: BACKGROUND: STRATEGIC CONNECTIONS: ATTACHMENTS: Item No. 6.a. City Council Agenda Staff Report Meeting Date: 12/9/2025 Staff Contact: AGENDA ITEM: Approve City Council Meeting Minutes for November 12, 2025, November 17, 2025, and December 1, 2025. (City Secretary Carrie Land) SUMMARY: FINANCIAL IMPACT: BACKGROUND: STRATEGIC CONNECTIONS: ATTACHMENTS: 1. 2025-11-12 Closed Session Minutes 2. 2025-11-17 Joint Meeting Minutes 3. 2025-12-01 Closed Session Minutes City Council Work Session Meeting Minutes Wednesday, November 12, 2025 @ 5:30 PM Anna Municipal Complex - Council Conference Room 120 W. 7th Street, Anna, Texas 75409 The City Council of the City of Anna met in a Closed Session on Wednesday, November 12, 2025, at 5:30 PM, in the Anna Municipal Complex – Council Conference Room, located at 120 W. 7th Street, to consider the following items. 1. Call to Order, Roll Call, and Establishment of Quorum. Mayor Cain called the meeting to order at 5:30 PM. Members Present: Mayor Pete Cain Mayor Pro Tem Kevin Toten Deputy Mayor Pro Tem Stan Carver II Council Member Nathan Bryan Council Member Kelly Herndon Council Member Elden Baker Council Member Manny Singh Members Absent: None 2. Closed Session (Exceptions). a. Consult with legal counsel regarding pending or contemplated litigation and/or on matters in which the duty of the attorney to the governmental body under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas clearly conflicts with Chapter 551 of the Government Code (Tex. Gov’t Code §551.071). b. Discuss or deliberate the purchase, exchange, lease, or value of real property (Tex. Gov’t Code §551.072). c. Discuss or deliberate Economic Development Negotiations: (1) To discuss or deliberate regarding commercial or financial information that the City has received from a business prospect that the City seeks to have locate, stay, or expand in or near the territory of the City of Anna and with which the City is conducting economic development negotiations; or (2) To deliberate the offer of a financial or other incentive to a business prospect described by subdivision (1). (Tex. Gov’t Code §551.087). d. Discuss or deliberate personnel matters (Tex. Gov’t Code §551.074). City Manager MOTION: Council Member Baker moved to enter closed session. Council Member Toten seconded. Motion carried 7-0. Mayor Cain recessed the meeting at 5:30 PM. Mayor Cain reconvened the meeting at 7:16 PM. 3. Consider/Discuss/Action on any items listed on any agenda - work session, regular meeting, or closed session - that is duly posted by the City of Anna for any City Council meeting occurring on the same date as the meeting noticed in this agenda. No action taken. 4. Adjourn. Mayor Cain adjourned the meeting at 7:16 PM. APPROVED this 9th day of December 2025. ____________________________________ Mayor Pete Cain ATTEST: _______________________________ City Secretary Carrie L. Land City Council and Parks Advisory Board Joint Meeting Minutes Monday, November 17, 2025 @ 5:30 PM Anna Municipal Complex - Council Chambers 120 W. 7th Street, Anna, Texas 75409 The City Council and the Parks Advisory Board of the City of Anna met on Monday, November 17, 2025, at 5:30 PM, in the Anna Municipal Complex – Council Chambers, located at 120 W. 7th Street, to consider the following items. 1. Call to Order, Roll Call, and Establishment of Quorum. a. Mayor Cain to call the City Council Meeting to order. Mayor Cain called the meeting to order at 5:30 PM. Members Present: Mayor Pete Cain Mayor Pro Tem Kevin Toten Deputy Mayor Pro Tem Stan Carver II Council Member Nathan Bryan Council Member Kelly Herndon Council Member Elden Baker Council Member Manny Singh Members Absent: None b. Chair Susan Jones to call the Parks Advisory Board Meeting to order. Chair Jones called the meeting to order at 5:30 PM. Members Present: Chair Susan Jones Board Member David Colegrove Board Member Nichole Hunt Board Member Alastair Hunte Board Member Kennon Weaver arrived at 6:00 PM. Members Absent: None 2. Invocation and Pledge of Allegiance. Parks Board Member Hunte led the Invocation and Pledge of Allegiance. 3. Neighbor Comments. No comments were given. 4. Reports. a. A Proclamation declaring December 2025 as Staff Appreciation Month. (Mayor Cain) Mayor Cain read a Proclamation declaring the month of December as Staff Appreciation Month and presented it to Acting City Manager Joey Grisham. b. Neighbor Academy Graduate Recognition (Community Enhancement Coordinator Olivia Demings) The Mayor and Council recognized the following graduates of the 8th cohort of the Neighbor Academy: Steven Boren, London Clifton, Joseph Denton, Susan Easaw, Marty Ebert, Celestine Ford, Scott Gentry, Brian Jerome, Renee Hudson Johnson, Cendra King-Bell, Reginal Leachman, Tim Perkins, Randy Sachs, Sheri Sachs, Benjamin Smith, Heidi Toten, Deitra Walter, and Dwyke Williams. 5. Work Session. a. Joint Meeting of City Council and Parks Advisory Board. Inclusive Playground Trends and Amenities by Industry Professional (Mayor Cain) Ashlee Acosta and Nick Whisenhunt of Gametime and Cunningham Recreation made a presentation on designs and ideas for possible inclusive playgrounds in the City. Discuss past, ongoing, and priorities of future Parks Capital Improvement Projects. (Acting Director of Community Services Jeff Freeth) Park Planning and Development Manager Dalan Walker presented a review of the Park CIP projects, including completed, active, and upcoming park projects, as well as financial information on the Parks Bond and Park Development Fund. b. Chair Susan Jones to adjourn the Parks Advisory Board Meeting. Chair Susan Jones adjourned the Parks Advisory Board meeting at 7:08 PM. c. Five minute break. Mayor Cain recessed the meeting at 7:09 PM. Mayor Cain reconvened the meeting at 7:21 PM. d. Discuss the Fire Department Update and Staffing Proposal (Fire Chief Ray Isom). Fire Chief Ray Isom made a presentation on the fire department's progress and suggested priorities as developed by fire command staff and in alignment with the existing Standard of Cover and Master Plan documents. The original staffing plan was re-visited and explained. Securing and maintaining a "plus staffing" model as well as appropriate administrative support is the top priority to reduce overtime and workload. 6. Consent Items. Council member Herndon requested that item 6j be pulled. Mayor Cain requested that item 6d be pulled. Per the City Attorney's recommendation, item 6c was also pulled. MOTION: Council Member Baker moved to approve Consent Items 6a. - 6b.- 6e - 6i., 6k. - 6l. Council Member Herndon seconded. Motion carried 7 - 0. a. Approve City Council Meeting Minutes for October 27, 2025. (City Secretary Carrie Land) b. Approve an Ordinance amending the budget for the 2025-2026 Fiscal Year. (Director of Finance Terri Doby) Under conditions which may arise and which could not reasonably have been foreseen in the normal process of planning the budget, the City Council may, by the affirmative vote of a majority of the full membership of the City Council, amend or change the budget to provide for any additional expense in which the general welfare of the citizenry is involved. AN ORDINANCE AMENDING ORDINANCE NO. 1165-2025-09 ADOPTING THE BUDGET FOR THE 2025-2026 FISCAL YEAR; PROVIDING FOR SAVINGS, SEVERABILITY, AND REPEALING CLAUSES; PROVIDING FOR AN EFFECTIVE DATE; AND PROVIDING FOR THE PUBLICATION OF THE CAPTION HEREOF. c. Acting as the Anna Public Facility Corporation, approve a First Amendment to Trust Indenture, Loan Agreement, and Promissory Note for the Palladium East Foster Crossing project. (Director of Economic Development Joey Grisham) Cedar Rapids Bank and Trust, the permanent lender, has determined to assign the bonds and all loan documents to the Federal Home Loan Mortgage Corporation (the “Freddie Mac”). To permit the assignment to Freddie Mac, certain amendments need to be made to the Indenture, Loan Agreement, and the Note. MOTION: Council Member Baker moved to approve. Council Member Bryan seconded. Motion carried 6–1. Council Member Singh opposed. d. Approve a Resolution setting a Public Hearing under Section 372.009 of the Texas Local Government Code to be held on December 9, 2025, on the advisability of the creation of a public improvement district and improvements within the City of Anna, Texas, to be known as Liberty Hills Public Improvement District No. 1 and authorizing the issuance of notice by the City Secretary of Anna, Texas, regarding the Public Hearing. (Director of Economic Development Joey Grisham) The consultants for Liberty Hills Public Improvement District No. 1 requested that the Council table this item. MOTION: Council Member Singh moved to table. Council Member Baker seconded. Motion carried 7 - 0. e. Approve a Resolution setting a Public Hearing under Section 372.009 of the Texas Local Government Code to be held on December 9, 2025, on the advisability of the creation of a public improvement district and improvements within the City of Anna, Texas and its Extraterritorial Jurisdiction, to be known as Liberty Hills Public Improvement District No. 2 and authorizing the issuance of notice by the City Secretary of Anna, Texas, regarding the Public Hearing. (Director of Economic Development Joey Grisham) This Resolution sets the Public Hearing for creating the Liberty Hills Public Improvement District #2 for December 9, 2025, in accordance with the Development Agreement. A RESOLUTION SETTING A PUBLIC HEARING UNDER SECTION 372.009 OF THE TEXAS LOCAL GOVERNMENT CODE TO BE HELD ON DECEMBER 9, 2025 ON THE ADVISABILITY OF THE CREATION OF A PUBLIC IMPROVEMENT DISTRICT AND IMPROVEMENTS WITHIN THE CITY OF ANNA, TEXAS AND ITS EXTRATERRITORIAL JURISDICTION, TO BE KNOWN AS LIBERTY HILLS PUBLIC IMPROVEMENT DISTRICT NO. 2 AND AUTHORIZING THE ISSUANCE OF NOTICE BY THE CITY SECRETARY OF ANNA, TEXAS, REGARDING THE PUBLIC HEARING. f. Approve a Resolution setting a Public Hearing under Section 372.009 of the Texas Local Government Code to be held on December 9, 2025, on the advisability of the creation of a public improvement district and improvements within the City of Anna, Texas, to be known as Liberty Hills Public Improvement District No. 3 and authorizing the issuance of notice by the City Secretary of Anna, Texas, regarding the Public Hearing. (Director of Economic Development Joey Grisham) This Resolution sets the Public Hearing for the creation of Liberty Hills Public Improvement District #3 in accordance with the Development Agreement. A RESOLUTION SETTING A PUBLIC HEARING UNDER SECTION 372.009 OF THE TEXAS LOCAL GOVERNMENT CODE TO BE HELD ON DECEMBER 9, 2025, ON THE ADVISABILITY OF THE CREATION OF A PUBLIC IMPROVEMENT DISTRICT AND IMPROVEMENTS WITHIN THE CITY OF ANNA, TEXAS, TO BE KNOWN AS LIBERTY HILLS PUBLIC IMPROVEMENT DISTRICT NO. 3 AND AUTHORIZING THE ISSUANCE OF NOTICE BY THE CITY SECRETARY OF ANNA, TEXAS, REGARDING THE PUBLIC HEARING. g. Approve a Resolution setting a Public Hearing under Section 311.003 of the Texas Tax Code for the creation of a Tax Increment Reinvestment Zone containing approximately 1,477.61 acres of land generally located south of County Road 290, north of Farm to Market 455, west of N. State Highway 5, east of County Road 289, and being wholly located corporate limits and extraterritorial jurisdiction of the City of Anna, Texas; authorizing the issuance of notice by the City Secretary of Anna, Texas regarding the Public Hearing; and directing the city to prepare a Preliminary Reinvestment Zone Financing Plan. (Director of Economic Development Joey Grisham) This Resolution sets a Public Hearing for the creation of a Tax Increment Reinvestment Zone for the Liberty Hills Development as laid out in the Development Agreement. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS, SETTING A PUBLIC HEARING UNDER SECTION 311.003 OF THE TEXAS TAX CODE FOR THE CREATION OF A TAX INCREMENT REINVESTMENT ZONE CONTAINING APPROXIMATELY 1,477.61 ACRES OF LAND GENERALLY LOCATED SOUTH OF COUNTY ROAD 290, NORTH OF FARM TO MARKET 455, WEST OF N. STATE HIGHWAY 5, EAST OF COUNTY ROAD 289 AND BEING WHOLLY LOCATED WITHIN THE CORPORATE LIMITS AND EXTRA TERRITORIAL JURISDICTION OF THE CITY OF ANNA, TEXAS; AUTHORIZING THE ISSUANCE OF NOTICE BY THE CITY SECRETARY OF THE CITY OF ANNA, TEXAS, REGARDING THE PUBLIC HEARING; AND DIRECTING THE CITY OF ANNA, TEXAS TO PREPARE A PRELIMINARY REINVESTMENT ZONE FINANCING PLAN. h. Approve a Resolution setting a Public Hearing under Section 311.003 of the Texas Tax Code for the creation of a Tax Increment Reinvestment Zone containing approximately 808.23 acres of land generally located east of the East Fork Trinity River, west of Hurricane Creek, and north of County Road 285, and being wholly located within the corporate limits of the City of Anna, Texas; authorizing the issuance of notice by the City Secretary of Anna, Texas regarding the Public Hearing; and directing the city to prepare a Preliminary Reinvestment Zone Financing Plan. (Director of Economic Development Joey Grisham) This Resolution sets the Public Hearing for the creation of a Tax Increment Reinvestment Zone for the Oak Ridge Development, as laid out in the Development Agreement. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS, SETTING A PUBLIC HEARING UNDER SECTION 311.003 OF THE TEXAS TAX CODE FOR THE CREATION OF A TAX INCREMENT REINVESTMENT ZONE CONTAINING APPROXIMATELY 808.23 ACRES OF LAND GENERALLY LOCATED EAST OF THE EAST FORK TRINITY RIVER, WEST OF HURRICANE CREEK, AND NORTH OF COUNTY ROAD 285 AND BEING WHOLLY LOCATED WITHIN THE CORPORATE LIMITS OF THE CITY OF ANNA, TEXAS; AUTHORIZING THE ISSUANCE OF NOTICE BY THE CITY SECRETARY OF THE CITY OF ANNA, TEXAS, REGARDING THE PUBLIC HEARING; AND DIRECTING THE CITY OF ANNA, TEXAS TO PREPARE A PRELIMINARY REINVESTMENT ZONE FINANCING PLAN. i. Approve a Resolution setting a Public Hearing under Section 311.003 of the Texas Tax Code for the creation of a Tax Increment Reinvestment Zone containing approximately 1,127.655 acres of land generally located east of Texas State Highway 5, north of Farm to Market 455, south of County Road 427, west of County Road 511, and being wholly located within the corporate limits of the City of Anna, Texas; authorizing the issuance of notice by the City Secretary of Anna, Texas regarding the Public Hearing; and directing the city to prepare a Preliminary Reinvestment Zone Financing Plan. (Director of Economic Development Joey Grisham) This resolution sets the Public Hearing for the creation of a Tax Increment Reinvestment Zone for the Sherley Farms Development as laid out in the Development Agreement. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS, SETTING A PUBLIC HEARING UNDER SECTION 311.003 OF THE TEXAS TAX CODE FOR THE CREATION OF A TAX INCREMENT REINVESTMENT ZONE CONTAINING APPROXIMATELY 1,127.655 ACRES OF LAND GENERALLY LOCATED EAST OF TEXAS STATE HIGHWAY 5, NORTH OF FARM TO MARKET 455, SOUTH OF COUNTY ROAD 427, WEST OF COUNTY ROAD 511 AND BEING WHOLLY LOCATED WITHIN THE CORPORATE LIMITS OF THE CITY OF ANNA, TEXAS; AUTHORIZING THE ISSUANCE OF NOTICE BY THE CITY SECRETARY OF THE CITY OF ANNA, TEXAS, REGARDING THE PUBLIC HEARING; AND DIRECTING THE CITY OF ANNA, TEXAS TO PREPARE A PRELIMINARY REINVESTMENT ZONE FINANCING PLAN. j. Approve a Resolution Amending the Park Development Fee Credit Agreement with Jefferson Villages of Waters Creek for the Construction of a Trail Through Carol Park. (Park Planning and Development Manager Dalan Walker) This Amendment to the Park Development Fee (PDF) Credit Agreement provides an additional $540,500 to build a 10' wide concrete hike and pike trail from just south of White St through Carol Park to Persimmon Dr. Due to the delay in construction of the trail primarily due to several design revisions necessitated by difficult site constraints, the Developer has requested the City allow a Temporary Certificate of Occupancy prior to the completion of the trial. A Certificate of Occupancy for the last building will not be issued until the trail is complete. MOTION: Council Member Herndon moved to approve. Council Member Toten seconded. Motion carried 7–0. A RESOLUTION OF THE CITY OF ANNA, TEXAS, APPROVING AN AMENDMENT TO THE PARK DEVELOPMENT FEE CREDIT AGREEMENT WITH JEFFERSON VILLAGES OF WATERS CREEK LLC TO DESIGN AND CONSTRUCT A TRAIL THROUGH CAROL PARK AND THE JEFFERSON VILLAGES OF WATERS CREEK DEVELOPMENT. k. Approve amended/revised Resolution approving extension of Interlocal Agreements with Collin County for Animal Control Services. (Code Compliance Kevin Martin) Extension of the Animal Control interlocal agreement with Collin County Animal Control Services. The Extension of agreement for a one (1) year period, which shall be in effect from October 1, 2025, continuing through and including September 30, 2026. A RESOLUTION OF THE CITY OF ANNA, TEXAS APPROVING EXTENSION OF THE AGREEMENTS WITH COLLIN COUNTY FOR ANIMAL CONTROL SERVICES. l. Approve a Resolution authorizing the City Manager to enter into a Real Estate Sales Contract to buy roadway right-of-way and easements for sanitary sewer force main construction. (Director of Public Works Joseph Cotton) The City is requesting to obtain right-of-way and sanitary sewer easement from Mr. and Mrs. Adams, being 1.546 acres of real property more or less, as shown in the attached Exhibit A (the “Property”), which is part of a 4.02 acre and 5.22 acre tract of land situated in the G. Morrison Survey, Abstract No. 559, City of Anna, Collin County Texas, described as Tract 76 and Tract 100 respectively, conveyed to Timothy P. and Patricia S. Adams by deed recorded in volume 3891, page 656 of the Deed Records of Collin County, Texas (“Master Tract”). A RESOLUTION OF THE CITY OF ANNA, TEXAS AUTHORIZING THE ACTING CITY MANAGER TO EXECUTE DOCUMENTS FOR THE PURCHASE OF REAL PROPERTY FOR USE AS PUBLIC RIGHT-OF-WAY AND SANITARY SEWER FORCE MAIN CONSTRUCTION BY MR. AND MRS. ADAMS TO THE CITY OF ANNA, TEXAS, AS SHOWN IN EXHIBIT “A” ATTACHED HERETO; AND PROVIDING FOR AN EFFECTIVE DATE. 7. Items For Individual Consideration and Public Hearings. a. Conduct a Public Hearing/Consider/Discuss/Action on an Ordinance regarding a request to amend an existing Planned Development (Ord. No. 1054-2023-06) for The Parks at Foster Crossing. (Planning Manager Lauren Mecke) The applicant is requesting a text amendment to an existing Planned Development (Ord. No. 1054-2023-06) for The Parks at Foster Crossing subdivision. The catalyst for this request is the construction timing of the development's amenity center and pool construction. The applicant has also identified scrivener's errors and edits for clarification in the Planned Development language. The applicant has requested that it be extended to the 200th certificate of occupancy. Mayor Cain opened the public hearing at 8:59 PM. No comments were given. Mayor Cain closed the public hearing at 8:59 PM. MOTION: Council Member Singh moved to table the item until the December 9 meeting. Council Member Baker seconded. Motion carried 7–0. b. Conduct a Public Hearing and take Testimony pursuant to Section 372.016, Texas Local Government Code, regarding the proposed assessments to be levied on property located within Improvement Area #3 of The Woods at Lindsey Place Public Improvement District. (Director of Economic Development Joey Grisham) Mayor Cain opened the public hearing at 9:27 PM. No comments were given. Mayor Cain closed the public hearing at 9:27 PM. c. Consider/Discuss/Action to adopt an Ordinance of the City Council of the City of Anna, Texas approving a 2025 Amended and Restated Service and Assessment Plan, including revised Assessment Rolls, for The Woods at Lindsey Place Public Improvement District in accordance with Chapter 372, Texas Local Government Code, as amended; Levying Special Assessments against Property within Improvement Area #3 of said District and Establishing a Lien on such Property; providing for the method of assessment and the payment of the Assessments in accordance with Chapter 372, Texas Local Government Code, as amended; providing Penalties and Interest on Delinquent Assessments; providing for severability, and providing an effective date. (Director of Economic Development Joey Grisham) This item adopts an ordinance approving the 2025 Amended and Restated Service and Assessment Plan and levying assessments in the Woods at Lindsey Place PID Improvement Area #3. MOTION: Council Member Singh moved to approve. Council Member Herndon seconded. Motion carried 7–0. AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS APPROVING A 2025 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN, INCLUDING REVISED ASSESSMENT ROLLS, FOR THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT IN ACCORDANCE WITH CHAPTER 372, TEXAS LOCAL GOVERNMENT CODE, AS AMENDED; LEVYING SPECIAL ASSESSMENTS AGAINST PROPERTY WITHIN IMPROVEMENT AREA #3 OF SAID DISTRICT AND ESTABLISHING A LIEN ON SUCH PROPERTY; PROVIDING FOR THE METHOD OF ASSESSMENT AND THE PAYMENT OF THE ASSESSMENTS IN ACCORDANCE WITH CHAPTER 372, TEXAS LOCAL GOVERNMENT CODE, AS AMENDED; PROVIDING PENALTIES AND INTEREST ON DELINQUENT ASSESSMENTS; PROVIDING FOR SEVERABILITY, AND PROVIDING AN EFFECTIVE DATE. d. Consider/Discuss/Action to adopt an Ordinance authorizing the issuance of “City of Anna, Texas, Special Assessment Revenue Bonds, Series 2025 (The Woods at Lindsey Place Public Improvement District Improvement Areas #2-3 Projects)” in a principal amount not to exceed $27,000,000 payable from Special Assessments levied upon Improvement Area #2 and Improvement Area #3 of The Woods at Lindsey Place Public Improvement District to Fund Public Improvements in said District; approving and authorizing an Indenture of Trust, a Bond Purchase Agreement, a Limited Offering Memorandum, a Continuing Disclosure Agreement, and other agreements and documents in connection therewith; making findings with respect to the issuance of such bonds; and providing an effective date. (Director of Economic Development Joey Grisham) This ordinance authorizes the issuance of Revenue Assessment Bonds not to exceed $27,000,000 for the Woods at Lindsey Place PID Improvement Areas #2- 3. MOTION: Council Member Singh moved to approve. Council Member Carver seconded. Motion carried 7 - 0. AN ORDINANCE AUTHORIZING THE ISSUANCE OF "CITY OF ANNA, TEXAS, SPECIAL ASSESSMENT REVENUE BONDS, SERIES 2025 (THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT IMPROVEMENT AREAS #2-3 PROJECTS)" IN A PRINCIPAL AMOUNT NOT TO EXCEED $27,000,000 PAYABLE FROM SPECIAL ASSESSMENTS LEVIED UPON IMPROVEMENT AREA #2 AND IMPROVEMENT AREA #3 OF THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT TO FUND PUBLIC IMPROVEMENTS IN SAID DISTRICT; APPROVING AND AUTHORIZING AN INDENTURE OF TRUST, A BOND PURCHASE AGREEMENT, A LIMITED OFFERING MEMORANDUM, A CONTINUING DISCLOSURE AGREEMENT, AND OTHER AGREEMENTS AND DOCUMENTS IN CONNECTION THEREWITH; MAKING FINDINGS WITH RESPECT TO THE ISSUANCE OF SUCH BONDS; AND PROVIDING AN EFFECTIVE DATE. e. Conduct a Public Hearing and take Testimony pursuant to Section 372.016, Texas Local Government Code, regarding the proposed assessments to be levied on property located within Improvement Area #1 of the Crystal Park Public Improvement District No. 2. (Director of Economic Development Joey Grisham) Mayor Cain opened the public hearing at 9:30 PM. No comments were given. Mayor Cain closed the public hearing at 9:31 PM. f. Consider/Discuss/Action to adopt an Ordinance of the City Council of the City of Anna, Texas accepting and approving a Service and Assessment Plan and Assessment Roll for the Crystal Park Public Improvement District No. 2; making a finding of special benefit to the Property in the District; Levying Special Assessments against Property within the District and Establishing a Lien on such Property; providing for the method of assessment and the payment of the Assessments in accordance with Chapter 372, Texas Local Government Code, as amended, providing Penalties and Interest on Delinquent Assessments, providing for severability, and providing an effective date. (Director of Economic Development Joey Grisham) This Ordinance accepts and approves a Service and Assessment Plan and Assessment Roll for the Crystal Park PID #2 Improvement Area #1. MOTION: Council Member Herndon moved to approve. Council Member Singh seconded. Motion carried 7–0. AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS ACCEPTING AND APPROVING A SERVICE AND ASSESSMENT PLAN AND ASSESSMENT ROLL FOR THE CRYSTAL PARK PUBLIC IMPROVEMENT DISTRICT NO. 2; MAKING A FINDING OF SPECIAL BENEFIT TO THE PROPERTY IN THE DISTRICT; LEVYING SPECIAL ASSESSMENTS AGAINST PROPERTY WITHIN THE DISTRICT AND ESTABLISHING A LIEN ON SUCH PROPERTY; PROVIDING FOR THE METHOD OF ASSESSMENT AND THE PAYMENT OF THE ASSESSMENTS IN ACCORDANCE WITH CHAPTER 372, TEXAS LOCAL GOVERNMENT CODE, AS AMENDED, PROVIDING PENALTIES AND INTEREST ON DELINQUENT ASSESSMENTS, PROVIDING FOR SEVERABILITY, AND PROVIDING AN EFFECTIVE DATE. g. Consider/Discuss/Action to adopt an Ordinance authorizing the issuance of "City of Anna, Texas, Special Assessment Revenue Bonds, Series 2025 (Crystal Park Public Improvement District No. 2 Improvement Area #1 Project)" in a principal amount not to exceed $9,000,000 payable from special Assessments levied upon Improvement Area #1 of Crystal Park Public Improvement District No. 2 to Fund Public Improvements in said District; approving and authorizing an Indenture of Trust, a Bond Purchase Agreement, a Limited Offering Memorandum, a Continuing Disclosure Agreement, a Reimbursement Agreement, and other agreements and documents in connection therewith; making findings with respect to the issuance of such Bonds; and providing an effective date. (Director of Economic Development Joey Grisham) This ordinance authorizes the issuance of Special Assessment Revenue Bonds not to exceed $9,000,000 for the Crystal Park PID #2 Improvement Area #1. MOTION: Council Member Baker moved to approve. Council Member Herndon seconded. Motion carried 7–0. AN ORDINANCE AUTHORIZING THE ISSUANCE OF "CITY OF ANNA, TEXAS, SPECIAL ASSESSMENT REVENUE BONDS, SERIES 2025 (CRYSTAL PARK PUBLIC IMPROVEMENT DISTRICT NO. 2 IMPROVEMENT AREA #1 PROJECT)" IN A PRINCIPAL AMOUNT NOT TO EXCEED $9,000,000 PAYABLE FROM SPECIAL ASSESSMENTS LEVIED UPON IMPROVEMENT AREA #1 OF CRYSTAL PARK PUBLIC IMPROVEMENT DISTRICT NO. 2 TO FUND PUBLIC IMPROVEMENTS IN SAID DISTRICT; APPROVING AND AUTHORIZING AN INDENTURE OF TRUST, A BOND PURCHASE AGREEMENT, A LIMITED OFFERING MEMORANDUM, A CONTINUING DISCLOSURE AGREEMENT, A REIMBURSEMENT AGREEMENT, AND OTHER AGREEMENTS AND DOCUMENTS IN CONNECTION THEREWITH; MAKING FINDINGS WITH RESPECT TO THE ISSUANCE OF SUCH BONDS; AND PROVIDING AN EFFECTIVE DATE. h. Consider/Discuss/Action on an Amended Resolution finding that a public necessity exists for acquisition of a permanent sanitary sewer line easement and temporary construction easement located in the P Burns Survey, Abstract A0100, near the intersection of CR 290 and CR 372. (Director of Public Works Joseph Cotton) The City Council of the City of Anna, Texas ("City Council") has previously adopted Resolution No. 2025-05-1784, finding a public necessity for projects located in the P. Burns Survey, Abstract A0100, affecting land presently owned by MJLA Adams, Limited. The prior resolution mislabeled a required water line easement as right-of-way. This resolution revises the titles of the required easements but does not change the size of the easements from the prior document. MOTION: Council Member Toten moved to approve. Council Member Bryan seconded. Motion carried 6–1. Deputy Mayor Pro Tem Carver opposed. AN AMENDED RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS, FINDING THAT A PUBLIC NECESSITY EXISTS FOR ACQUISITION OF A PERMANENT SANITARY SEWER LINE EASEMENT AND TEMPORARY CONSTRUCTION EASEMENT ON AND UNDER REAL PROPERTY LOCATED IN THE P BURNS SURVEY, ABSTRACT A0100, NEAR THE INTERSECTION OF CR 290 AND CR 372; AUTHORIZING THE ACTING CITY MANAGER, STAFF, CONTRACTORS, AND THE CITY'S ATTORNEYS TO ACQUIRE SAID EASEMENTS BY ANY LAWFUL MEANS, INCLUDING BUT NOT LIMITED TO NEGOTIATIONS, AND, IF NECESSARY, PROCEEDINGS IN EMINENT DOMAIN; PROVIDING AN EFFECTIVE DATE. i. Consider/Discuss/Action on a Resolution casting votes for the Collin CAD Board of Directors. (City Secretary Carrie Land) The City of Anna has 11 votes to cast. All votes may be cast for one candidate or distributed among any number of the candidates listed on the official ballot. The deadline to submit the complete ballot is December 14, 2025. MOTION: Council Member Herndon moved to postpone casting votes until the December 9 meeting. Council Member Singh seconded. Motion carried 7–0. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS, VOTING FOR A CANDIDATE OR CANDIDATES FOR THE BOARD OF DIRECTORS FOR ELECTION OF COLLIN CENTRAL APPRAISAL DISTRICT. j. Consider/Discuss/Action on a Resolution approving board and commission meeting rules of order and procedures. (City Secretary Carrie Land) This resolution establishes a uniform set of rules of order and procedures that ensure fair, efficient, transparent, and legally compliant conduct of meetings of all boards and commissions. MOTION: Council Member Herndon moved to approve. Council Member Singh seconded. Motion carried 7–0. A RESOLUTION OF THE CITY OF ANNA, TEXAS APPROVING RULES OF ORDER AND PROCEDURE GOVERNING CERTAIN ASPECTS OF CONDUCTING MEETINGS OF ANNA BOARDS AND COMMISSIONS APPOINTED BY THE CITY COUNCIL. k. Consider/Discuss/Action on an Ordinance canvassing the November 4, 2025 Special Election and declaring adoption of Home-Rule Charter Amendments voted on by Anna voters. (City Secretary Carrie Land) On August 12, 2025, the City Council ordered a special election to be held on November 4, 2025, to take propositions to amend the City Charter to the voters. Voters approved propositions A, B, D, E, F, G, I, J, L, M, O, R, and S. MOTION: Deputy Mayor Pro Tem Carver moved to approve. Council Member Herndon seconded. Motion carried 7–0. AN ORDINANCE OF THE CITY OF ANNA, TEXAS CANVASSING THE RETURNS OF A SPECIAL ELECTION HELD ON NOVEMBER 4, 2025 FOR VOTERS TO DECIDE PROPOSITIONS WITH CERTAIN AMENDMENTS TO THE CITY OF ANNA, TEXAS HOME-RULE CHARTER; ENTERING ORDER DECLARING AMENDMENTS PASSED BY VOTERS TO BE ADOPTED. l. Consider/Discuss/Action on a Resolution amending the City Council Governance Guide regarding the placement of items on City Council meeting agendas. (Council Members) Council Members would like to improve the process by which items may be placed upon the City's Council meeting agenda by members of the governing body. This Resolution establishes Council agenda item placement procedures. At the request of City Attorney McCoy, Council entered into Closed Session before taking action on this item. 8. Closed Session (Exceptions). a. Consult with legal counsel regarding pending or contemplated litigation and/or on matters in which the duty of the attorney to the governmental body under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas clearly conflicts with Chapter 551 of the Government Code (Tex. Gov’t Code §551.071). City codes, ordinances, and fees including rental fees. ETJ development and related utility and city boundary issues. City official communication protocols with staff and management. Council agenda item placement. ESD. b. Discuss or deliberate the purchase, exchange, lease, or value of real property (Tex. Gov’t Code §551.072). c. Discuss or deliberate Economic Development Negotiations: (1) To discuss or deliberate regarding commercial or financial information that the City has received from a business prospect that the City seeks to have locate, stay, or expand in or near the territory of the City of Anna and with which the City is conducting economic development negotiations; or (2) To deliberate the offer of a financial or other incentive to a business prospect described by subdivision (1). (Tex. Gov’t Code §551.087). d. Discuss or deliberate personnel matters (Tex. Gov’t Code §551.074). MOTION: Council Member Bryan moved to enter closed session. Council Member Herndon seconded. Motion carried 6-1. Council Member Singh opposed. Mayor Cain recessed the meeting at 9:41 PM. Mayor Cain reconvened the meeting at 9:59 PM. 9. Consider/Discuss/Action on any items listed on any agenda - work session, regular meeting, or closed session - that is duly posted by the City of Anna for any City Council meeting occurring on the same date as the meeting noticed in this agenda. Council acted on Item 7l. MOTION: Council Member Singh moved to Approve. Council Member Baker seconded. Motion carried 4–3. Council Member Bryan, Mayor Pro Tem Toten, and Mayor Cain opposed. A RESOLUTION OF THE CITY OF ANNA, TEXAS AMENDING RESOLUTION NO. 2025-08-1809 WITH RESPECT TO MEETING AGENDA ITEM PLACEMENT UNDER PROTOCOL 4 OF THE MAYOR AND CITY COUNCIL PROTOCOL OPERATION GUIDELINES. 10. Adjourn. Mayor Cain adjourned the meeting at 10:00 PM. APPROVED this 9th day of December 2025. ____________________________________ Mayor Pete Cain ATTEST: _______________________________ City Secretary Carrie L. Land City Council Meeting Minutes Monday, December 1, 2025 @ 4:30 PM Anna Municipal Complex - EDC Conference Room 120 W. 7th Street, Anna, Texas 75409 The City Council of the City of Anna met on Monday, December 1, 2025, at 4:30 PM, in the Anna Municipal Complex – EDC Conference Room, located at 120 W. 7th Street, to consider the following items. 1. Call to Order, Roll Call, and Establishment of Quorum. Mayor Cain called the meeting to order at 4:33 PM. Members Present: Mayor Pete Cain Mayor Pro Tem Kevin Toten Deputy Mayor Pro Tem Stan Carver II Council Member Nathan Bryan Council Member Kelly Herndon Council Member Elden Baker Council Member Manny Singh Members Absent: None 2. Invocation and Pledge of Allegiance. Council Member Baker led the Invocation. 3. Neighbor Comments. No comments given. 4. Items For Individual Consideration and Public Hearings. a. Consider/Discuss/Action on a city manager applicant meet and greet. 5. Closed Session (Exceptions). a. Discuss or deliberate personnel matters (Tex. Gov’t Code §551.074). City Manager MOTION: Council Member Bryan moved to enter closed session. Council Member Herndon seconded. Motion carried 7-0. Mayor Cain recessed the meeting at 4:45 PM. Mayor Cain reconvened the meeting at 7:48 PM. 6. Consider/Discuss/Action on any items listed on any agenda - work session, regular meeting, or closed session - that is duly posted by the City of Anna for any City Council meeting occurring on the same date as the meeting noticed in this agenda. Item 4a. City Manager applicant meet and greet. MOTION: Mayor Pro Tem Toten moved to take no action. Council Member Bryan seconded. Motion carried 7-0. 7. Adjourn. Mayor Cain adjourned the meeting at 7:48 PM. APPROVED this _____ day of _____________, 2025 ____________________________________ Mayor Pete Cain ATTEST: _______________________________ City Secretary Carrie L. Land Item No. 6.b. City Council Agenda Staff Report Meeting Date: 12/9/2025 Staff Contact: Joey Grisham AGENDA ITEM: Review Minutes of the October 2, 2025, Joint Community Development Corporation and Economic Development Corporation Board Meeting. (Director of Economic Development Joey Grisham) SUMMARY: The item is for Council to review meeting minutes from the October 2, 2025, CDC/EDC Joint Board Meeting. FINANCIAL IMPACT: This item has no financial impact. BACKGROUND: The CDC/EDC Board met on October 2, 2025, for their monthly Joint Board Meeting. STRATEGIC CONNECTIONS: This item supports the City of Anna Strategic Plan, specifically advancing the strategic outcome area: Excellent. ATTACHMENTS: 1. October 2_2025 CDC EDC Joint Meeting Minutes (Signed) Item No. 6.c. City Council Agenda Staff Report Meeting Date: 12/9/2025 Staff Contact: Lauren Mecke AGENDA ITEM: Approve a Resolution regarding a requested waiver for Wedge Stone Drive in Meadow Vista, Phase 4. (Planning Manager, Lauren Mecke) SUMMARY: Recommended for approval as submitted. This request is associated with a Preliminary Plat (Exhibit A) conditionally approved subject to approval of this item. FINANCIAL IMPACT: This item has no financial impact. BACKGROUND: The applicant is requesting a waiver from Article 9.02 (Subdivision Regulations) as it pertains to the minimum cul-de-sac length. The applicant is requesting a waiver from: Sec. 9.02.081(p) Maximum and minimum length of cul-de-sac streets.- A cul-de-sac street shall not be longer than 600 feet and be a minimum of 400 feet, and at the closed end a cul-de-sac shall have a turnaround bulb with an outside pavement diameter of at least 80 feet and a right-of-way diameter of at least 100 feet. The length of a cul-de-sac shall be measured from the centerline of the intersecting street to the center point of the cul-de-sac bulb. Proposed for the cul-de-sac along Wedge Stone Drive that is approximately 180 feet in length. The layout generally conforms to the original concept plan adopted with the Planned Development Zoning (Ord. No. 839-2019) and is the same layout as shown in the Concept Plan (Exhibit C) within the Development Agreement (Res. No. 2023-06-1460). Both plans are attached for reference. STRATEGIC CONNECTIONS: This item supports the City of Anna Strategic Plan, specifically advancing the strategic outcome area: Unique. ATTACHMENTS: 1. Resolution (Waiver) - Meadow Vista PH 4 (PP 25-0019) 2. Exhibit A - Meadow Vista Phase 4 Preliminary Plat 3. Previously Approved Concept Plan - Zoning (Ord. 839-2019) 4. Previously Approved Exhibit (Concept Plan) - DA (Res. 2023-06-1460) CITY OF ANNA, TEXAS , In order to provide for the orderly development of land within the Anna city limits and extraterritorial jurisdiction, the City Council of the City of Anna, Texas has adopted Article 9.02 (“Subdivision Regulations”) and Article 9.04 (“Zoning Ordinance”) of the Anna City Code of Ordinances; and , Bloomfield Homes LP has submitted an application for the approval of the Meadow Vista, Phase 4, Preliminary Plat; and , the applicant requests a waiver from Article 9.02 (Subdivision Regulations) regarding maximum and minimum length of cul-de-sac streets for Wedge Stone Drive, approximately 180 feet in length as measured from the centerline of the nearest intersecting street to the center of the cul-de-sac bulb; and , the Preliminary Plat otherwise conforms to the City’s Subdivision Regulations and Zoning Ordinance; and The recitals above are incorporated herein as if set forth in full for all purposes. (A) Granting the waiver/suspension will not be detrimental to the public safety, health, or welfare, and will not be injurious to other property or to the owners of other property, and the waiver, suspension, or amendment will not prevent the orderly subdivision of other property in the vicinity; The subdivision is being created for three lots and providing access to the HOA lot. It will not be detrimental to the surrounding properties. (B) The conditions upon which the request for a waiver, suspension, or amendment is based are unique to the property for which the waiver, suspension, or amendment is sought, and are not applicable generally to other property; Previous Development Agreements and Zoning were established prior to the minimum cul-de-sac length regulation. (C) Because of the particular physical surroundings, shape and/or topographical conditions of the specific property involved, a particular undue hardship to the property owner would result, as distinguished from a mere inconvenience or increased expense, if the strict letter of these regulations is carried out; In accordance with the Development Agreement (Res. No. 2023-06-1460), a 15” sewer line was constructed. Adjustments to lot and street geometry near the cul-de- sac would result in removing and replacing of newly installed City sewer infrastructure. (D) The waiver, suspension, or amendment will not in any manner vary the provisions of the zoning ordinance, Comprehensive Plan (as amended), or any other adopted plan(s) or ordinance(s) of the City; and The request is conformance with the Planned Development Zoning, Development Agreement, and the Comprehensive Plan. (E) An alternate design will generally achieve the same result or intent as the standards and regulations prescribed herein. This design will achieve the same result as the standards. Section 3. Approval of Replat The City Council hereby approves the waiver regarding the minimum length of cul-de-sac street for Wedge Stone Drive in Meadow Vista, Phase 4, Preliminary Plat attached hereto as Exhibit A subject to additions and/or alterations to the engineering plans as required by the City Engineer. PASSED AND APPROVED by the City Council of the City of Anna, Texas, on this 9th day of December, 2025. ATTEST: APPROVED: _____________________________ ______________________________ City Secretary, Carrie Land Mayor, Pete Cain PRELIMINARY PLAT MEADOW VISTA PHASE 4 Contact: She lb y Sc hoe c h O f f ic e : 214-62 0 -27 70 6060 North Central Expressway Phone 469.621.0710 Suite 400 Dallas, Texas 75206 FR N - F-1386 PRELIMINARY PLAT MEADOW VISTA PHASE 4 Contact: She lb y Sc hoe c h O f f ic e : 214-62 0 -27 70 6060 North Central Expressway Phone 469.621.0710 Suite 400 Dallas, Texas 75206 FR N - F-1386 PRELIMINARY PLAT MEADOW VISTA PHASE 4 C ontact: Shelby S c hoe ch Of f ic e : 214-62 0-27 70 6060 North Central Expressway Phone 469.621.0710 Suite 400 Dallas, Texas 75206 FRN - F-1386 OWNERS CERTIFICATION NOW, THEREFORE, KNOW ALL MEN BY THESE PRESENTS: THAT, BLOOMFIELD HOMES, L.P., ACTING HEREIN BY AND THROUGH IT'S DULY AUTHORIZED OFFICERS, DOES HEREBY ADOPT THIS PLAT DESIGNATING THE HEREINABOVE DESCRIBED PROPERTY AS MEADOW VISTA, PHASE 4, AN ADDITION TO THE CITY OF ANNA, TEXAS, AND DOES HEREBY DEDICATE, IN FEE SIMPLE, TO THE PUBLIC USE FOREVER, THE STREETS AND ALLEYS SHOWN THEREON. THE STREETS AND ALLEYS ARE DEDICATED FOR STREET PURPOSES. THE EASEMENTS AND PUBLIC USE AREAS, AS SHOWN, ARE DEDICATED FOR THE PUBLIC USE FOREVER, FOR THE PURPOSES INDICATED ON THIS PLAT. IN ADDITION, UTILITY EASEMENTS MAY ALSO BE USED FOR THE MUTUAL USE AND ACCOMMODATION OF ALL PUBLIC UTILITIES DESIRING TO USE OR USING THE SAME UNLESS THE EASEMENT LIMITS THE USE TO PARTICULAR UTILITIES, SAID USE BY PUBLIC UTILITIES BEING SUBORDINATE TO THE PUBLIC'S AND CITY OF ANNA'S USE THEREOF. THE CITY OF ANNA AND PUBLIC UTILITY ENTITIES SHALL HAVE THE RIGHT TO REMOVE AND KEEP REMOVED ALL OR ARTS OF ANY BUILDINGS, FENCES, TREES, SHRUBS, OR OTHER IMPROVEMENTS OR GROWTHS WHICH MAY IN ANY WAY ENDANGER OR INTERFERE WITH THE CONSTRUCTION, MAINTENANCE, OR EFFICIENCY OF THEIR RESPECTIVE SYSTEMS IN SAID EASEMENTS. THE CITY OF ANNA AND PUBLIC UTILITY ENTITIES SHALL AT ALL TIMES HAVE THE FULL RIGHT OF INGRESS AND EGRESS TO OR FROM THEIR RESPECTIVE EASEMENTS FOR THE PURPOSES OF CONSTRUCTING, RECONSTRUCTING, INSPECTING, PATROLLING, MAINTAINING, READING METERS, AND ADDING TO OR REMOVING ALL OR PARTS OF THEIR RESPECTIVE SYSTEMS WITHOUT THE NECESSITY AT ANY TIME OF PROCURING PERMISSION FROM ANYONE. THIS APPROVED SUBJECT TO ALL PLATTING ORDINANCES, RULES, AND REGULATIONS OF THE CITY OF ANNA, TEXAS. WITNESS MY HAND THIS THE _____ DAY OF __________________ , A.D. 2025. BLOOMFIELD HOMES, L.P. A TEXAS LIMITED PARTNERSHIP BY:BLOOMFIELD PROPERTIES, INC., A TEXAS CORPORATION, GENERAL PARTNER BY:______________________________, DONALD J. DYKSTRA, PRESIDENT STATE OF TEXAS )( COUNTY OF _____________ )( BEFORE ME, THE UNDERSIGNED AUTHORITY, A NOTARY PUBLIC IN AND FOR THE STATE OF TEXAS, ON THIS DAY PERSONALLY APPEARED DONALD J. DYKSTRA, KNOWN TO ME TO BE THE PERSON WHOSE NAME IS SUBSCRIBED TO THE FOREGOING INSTRUMENT AND ACKNOWLEDGED TO ME THAT HE EXECUTED THE SAME FOR THE PURPOSE AND CONSIDERATION THEREIN EXPRESSED AND IN THE CAPACITY THEREIN STATED. GIVEN UNDER MY HAND AND SEAL OF OFFICE THIS THE ______ DAY OF _______________ , A.D. 2025. ____________________________________________ NOTARY PUBLIC IN AND FOR THE STATE OF TEXAS ID NUMBER: ________________ MY COMMISSION EXPIRES: ________________ SURVEYOR'S CERTIFICATION I, _____________, REGISTERED PROFESSIONAL LAND SURVEYOR, DO HEREBY CERTIFY THAT THE PLAT SHOWN HEREON ACCURATELY REPRESENTS THE PROPERTY AS DETERMINED BY AN ON THE GROUND SURVEY, MADE UNDER MY DIRECTION AND THE SUPERVISION IN ________, 20_____, AND THAT ALL CORNERS ARE AS SHOWN. _____________ REGISTERED PROFESSIONAL LAND SURVEYOR TEXAS REGISTRATION NO. ____ DATE: STATE OF TEXAS )( COUNTY OF ___________ )( BEFORE ME, THE UNDERSIGNED AUTHORITY, A NOTARY PUBLIC IN AND FOR THE STATE OF TEXAS, ON THIS DAY PERSONALLY APPEARED KNOWN TO ME TO BE THE PERSON WHOSE NAME IS SUBSCRIBED TO THE FOREGOING INSTRUMENT AND ACKNOWLEDGED TO ME THAT HE EXECUTED THE SAME FOR THE PURPOSE AND CONSIDERATION THEREIN EXPRESSED AND IN THE CAPACITY THEREIN STATED. GIVEN UNDER MY HAND AND SEAL OF OFFICE THIS THE DAY OF , A.D. 2025. ____________________________________________ NOTARY PUBLIC IN AND FOR THE STATE OF TEXAS ID NUMBER: ________________ MY COMMISSION EXPIRES: ________________ PRELIMINARY, THIS DOCUMENT SHALL NOT BE RECORDED FOR ANY PURPOSE AND SHALL NOT BE USED OR VIEWED OR RELIED UPON AS A FINAL SURVEY DOCUMENT. EASEMENT LANGUAGE DRAINAGE AND DETENTION EASEMENT STATE OF TEXAS COUNTY OF COLLIN CITY OF ANNA THIS PLAT IS HEREBY ADOPTED BY THE OWNERS AND APPROVED BY THE CITY OF ANNA (CALLED “CITY”) SUBJECT TO THE FOLLOWING CONDITIONS WHICH SHALL BE BINDING UPON THE OWNERS, THEIR HEIRS, GRANTEES AND SUCCESSORS: THE PORTION OF BLOCK B, AS SHOWN ON THE PLAT IS CALLED “DRAINAGE AND DETENTION EASEMENT.” THE DRAINAGE AND DETENTION EASEMENT WITHIN THE LIMITS OF THIS ADDITION, WILL REMAIN OPEN AT ALL TIMES AND WILL BE MAINTAINED IN A SAFE AND SANITARY CONDITION BY THE OWNERS OF THE LOT OR LOTS THAT ARE TRAVERSED BY OR ADJACENT TO THE DRAINAGE AND DETENTION EASEMENT. THE CITY WILL NOT BE RESPONSIBLE FOR THE MAINTENANCE AND OPERATION OF SAID EASEMENT OR FOR ANY DAMAGE TO PRIVATE PROPERTY OR PERSON THAT RESULTS FROM CONDITIONS IN THE EASEMENT, OR FOR THE CONTROL OF EROSION. NO OBSTRUCTION TO THE NATURAL FLOW OF STORM WATER RUN-OFF SHALL BE PERMITTED BY CONSTRUCTION OF ANY TYPE OF BUILDING, FENCE, OR ANY OTHER STRUCTURE WITHIN THE DRAINAGE AND DETENTION EASEMENT AS HEREINABOVE DEFINED, UNLESS APPROVED BY THE CITY ENGINEER. PROVIDED, HOWEVER, IT IS UNDERSTOOD THAT IN THE EVENT IT BECOMES NECESSARY FOR THE CITY TO ERECT OR CONSIDER ERECTING ANY TYPE OF DRAINAGE STRUCTURE IN ORDER TO IMPROVE THE STORM DRAINAGE THAT MAY BE OCCASIONED BY THE CITY SHALL HAVE THE RIGHT TO ENTER UPON THE DRAINAGE AND DETENTION EASEMENT AT ANY POINT, OR POINTS, TO INVESTIGATE, SURVEY OR TO ERECT, CONSTRUCT AND MAINTAIN ANY DRAINAGE FACILITY DEEMED NECESSARY FOR DRAINAGE PURPOSES. EACH PROPERTY OWNER SHALL KEEP THE DRAINAGE AND DETENTION EASEMENT CLEAN AND FREE OF DEBRIS, SILT, AND ANY SUBSTANCE WHICH WOULD RESULT IN UNSANITARY CONDITIONS OR OBSTRUCT THE FLOW OF WATER, AND THE CITY SHALL HAVE THE RIGHT OF INGRESS AND EGRESS FOR THE PURPOSE OF INSPECTION AND SUPERVISION OF MAINTENANCE WORK BY THE PROPERTY OWNER TO ALLEVIATE ANY UNDESIRABLE CONDITIONS WHICH MAY OCCUR. THE NATURAL DRAINAGE THROUGH THE DRAINAGE AND DETENTION EASEMENT IS SUBJECT TO STORM WATER OVERFLOW AND NATURAL BANK EROSION TO AN EXTENT WHICH CANNOT BE DEFINITELY DEFINED. THE CITY SHALL NOT BE HELD LIABLE FOR ANY DAMAGES OF ANY NATURE RESULTING FROM THE OCCURRENCE OF THESE NATURAL PHENOMENA, OR RESULTING FROM THE FAILURE OF ANY STRUCTURE, OR STRUCTURES, WITHIN THE EASEMENT. VAM EASEMENT THE AREA OR AREAS SHOWN ON THE PLAT AS "VAM" (VISIBILITY , ACCESS, AND MAINTENANCE) EASEMENT(S) ARE HEREBY GIVEN AND GRANTED TO THE CITY, ITS SUCCESSORS AND ASSIGNS, AS AN EASEMENT TO PROVIDE VISIBILITY, RIGHT OF ACCESS, AND MAINTENANCE UPON AND ACROSS SAID VAM EASEMENT. THE CITY SHALL HAVE THE RIGHT, BUT NOT THE OBLIGATION, TO MAINTAIN ANY AND ALL LANDSCAPING WITHIN THE VAM EASEMENT. SHOULD THE CITY EXERCISE THIS MAINTENANCE RIGHT, IT SHALL BE PERMITTED TO REMOVE AND DISPOSE OF ANY AND ALL LANDSCAPING IMPROVEMENTS, INCLUDING WITHOUT LIMITATION, ANY TREES, SHRUBS, FLOWERS, GROUND COVER, AND FIXTURES. THE CITY MAY WITHDRAW MAINTENANCE OF THE VAM EASEMENT AT ANY TIME. THE ULTIMATE MAINTENANCE RESPONSIBILITY FOR THE VAM EASEMENT SHALL REST WITH THE OWNERS. NO BUILDING, FENCE, SHRUB, TREE, OR OTHER IMPROVEMENTS OR GROWTHS, WHICH IN ANY WAY ENDANGER OR INTERFERE WITH THE VISIBILITY, SHALL BE CONSTRUCTED IN, ON, OVER, OR ACROSS THE VAM EASEMENT. THE CITY SHALL ALSO HAVE THE RIGHT, BUT NOT THE OBLIGATION, TO ADD ANY LANDSCAPE IMPROVEMENTS TO THE VAM EASEMENT, TO ERECT ANY TRAFFIC CONTROL DEVICES OR SIGNS ON THE VAM EASEMENT, AND TO REMOVE ANY OBSTRUCTION THEREON. THE CITY, ITS SUCCESSORS, ASSIGNS, OR AGENTS, SHALL HAVE THE RIGHT AND PRIVILEGE AT ALL TIMES TO ENTER UPON THE VAM EASEMENT OR ANY PART THEREOF FOR THE PURPOSES AND WITH ALL RIGHTS AND PRIVILEGES SET FORTH HEREIN. ACCESS EASEMENT THE UNDERSIGNED DOES COVENANT AND AGREE THAT THE ACCESS EASEMENT MAY BE UTILIZED BY ANY PERSON OR THE GENERAL PUBLIC FOR INGRESS AND EGRESS TO OTHER REAL PROPERTY, AND FOR THE PURPOSE OF GENERAL PUBLIC VEHICULAR AND PEDESTRIAN USE AND ACCESS, AND FOR FIRE DEPARTMENT AND EMERGENCY USE, IN, ALONG, UPON, AND ACROSS SAID PREMISES, WITH THE RIGHT AND PRIVILEGE AT ALL TIMES OF THE CITY OF ANNA, ITS AGENTS, EMPLOYEES, WORKMEN, AND REPRESENTATIVES HAVING INGRESS, EGRESS, AND REGRESS IN, ALONG, UPON, AND ACROSS SAID PREMISES. CERTIFICATE OF APPROVAL APPROVED ON THIS THE DAY OF , ______, BY THE PLANNING & ZONING COMMISSION, CITY OF ANNA, TEXAS. ____________________________________________ PLANNING & ZONING COMMISSION CHAIR ____________________________________________ DIRECTOR OF DEVELOPMENT SERVICES PROPERTY DESCRIPTION STATE OF TEXAS )( COUNTY OF COLLIN )( BEING A 43.681 ACRE TRACT OF LAND SITUATED IN THE JOHN ELLETT SURVEY, ABSTRACT NO. 296 AND THE FRANCIS T. DUFFAU SURVEY, ABSTRACT NO. 288, CITY OF ANNA E.T.J., COLLIN COUNTY, TEXAS, AND BEING PART OF A 61.905 ACRE TRACT OF LAND, CONVEYED TO BLOOMFIELD HOMES, LP, AS RECORDED IN COUNTY CLERK'S FILE NO. 20211220002555410, OFFICIAL PUBLIC RECORDS, COLLIN COUNTY, TEXAS AND PART OF THE REMAINDER OF A 160.197 ACRE TRACT OF LAND CONVEYED TO BLOOMFIELD HOMES, LP, AS RECORDED IN COUNTY CLERK'S FILE NO. 20200117000076380, OFFICIAL PUBLIC RECORDS, COLLIN COUNTY, TEXAS. SAID 43.681 ACRE TRACT, BEARING BASIS BEING GRID NORTH, TEXAS STATE PLANE COORDINATES, NORTH CENTRAL ZONE, NAD83 (NAD83 (2011) EPOCH 2010), DETERMINED BY GPS OBSERVATIONS, CALCULATED FROM DENTON CORS ARP (PID-DF8986) AND DALLAS CORS ARP (PID-DF8984, BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING AT A 5/8” IRON ROD WITH YELLOW PLASTIC CAP STAMPED “LJA SURVEYING” SET FOR THE NORTHEAST CORNER OF SAID 61.905 ACRE TRACT AND THE COMMON SOUTHEAST CORNER OF THE REMAINDER OF A 275.00 ACRE TRACT OF LAND CONVEYED TO DR HORTON - TEXAS, LTD., AS RECORDED IN COUNTY CLERK'S FILE NO. 20210212000310470, OFFICIAL PUBLIC RECORDS, COLLIN COUNTY, TEXAS. SAID POINT BEING ON THE WEST LINE OF A 50.00 ACRE TRACT OF LAND CONVEYED TO ANACAPRI LAGUNA AZURE, LLC, AS RECORDED IN COUNTY CLERK'S FILE NO. 20210830001753370, OFFICIAL PUBLIC RECORDS, COLLIN COUNTY, TEXAS; THENCE, SOUTH 01 DEGREE 15 MINUTES 53 SECONDS WEST, ALONG THE EAST LINE OF SAID 61.905 ACRE TRACT AND THE COMMON WEST LINE OF SAID 50.00 ACRE TRACT, A DISTANCE OF 1024.64 FEET TO A 1” IRON PIPE FOUND (BENT) FOR THE SOUTHEAST CORNER OF SAID 61.905 ACRE TRACT AND A COMMON EXTERIOR ELL CORNER OF ANACAPRI, PHASE 1C, AN ADDITION TO THE CITY OF ANNA, AS RECORDED IN COUNTY CLERK'S FILE NO. 2024-2024010000122, OFFICIAL PUBLIC RECORDS, COLLIN COUNTY, TEXAS, FROM WHICH A 5/8” IRON ROD FOUND FOR THE SOUTHWEST CORNER OF SAID 50.00 ACRE TRACT AND A COMMON INTERIOR ELL CORNER OF SAID ANACAPRI, PHASE 1C BEARS, SOUTH 01 DEGREE 15 MINUTES 53 SECONDS WEST, A DISTANCE OF 36.09 FEET; THENCE, NORTH 88 DEGREES 57 MINUTES 17 SECONDS WEST, ALONG THE SOUTH LINE OF SAID 61.905 ACRE TRACT AND THE COMMON NORTH LINE OF SAID ANACAPRI, PHASE 1C, A DISTANCE OF 33.92 FEET TO A 5/8” IRON ROD WITH YELLOW PLASTIC CAP STAMPED “LJA SURVEYING” SET FOR THE NORTHEAST CORNER OF THE REMAINDER OF AFORESAID 160.197 ACRE TRACT AND THE COMMON NORTHWEST CORNER OF SAID ANACAPRI, PHASE 1C. SAID POINT BEING WITHIN COUNTY ROAD NO. 370, A PRESCRIPTIVE RIGHT-OF-WAY); THENCE, SOUTH 00 DEGREES 33 MINUTES 44 SECONDS WEST, ALONG THE EAST LINE OF THE REMAINDER OF SAID 160.197 ACRE TRACT AND THE COMMON WEST LINE OF SAID ANACAPRI, PHASE 1C, A DISTANCE OF 594.68 FEET TO A POINT FOR CORNER; THENCE, OVER AND A CROSS THE REMAINDER OF SAID 160.197 ACRE TRACT, SAID 61.905 ACRE TRACT AND SAID COUNTY ROAD NO. 370, THE FOLLOWING COURSES AND DISTANCES: NORTH 89 DEGREES 06 MINUTES 07 SECONDS WEST, A DISTANCE OF 43.61 FEET TO A POINT FOR CORNER; SOUTH 00 DEGREES 53 MINUTES 53 SECONDS WEST, A DISTANCE OF 189.33 FEET TO A POINT FOR CORNER, AND THE BEGINNING OF A TANGENT CURVE TO THE LEFT HAVING A CENTRAL ANGLE OF 03 DEGREES 39 MINUTES 18 SECONDS, A RADIUS OF 1060.00 FEET, AND A LONG CHORD THAT BEARS SOUTH 00 DEGREES 55 MINUTES 46 SECONDS EAST, A DISTANCE OF 67.61 FEET; ALONG SAID TANGENT CURVE TO THE LEFT, AN ARC DISTANCE OF 67.62 FEET TO A POINT FOR CORNER; SOUTH 84 DEGREES 43 MINUTES 35 SECONDS WEST, A DISTANCE OF 147.90 FEET TO A POINT FOR CORNER, AND THE BEGINNING OF A NON-TANGENT CURVE TO THE RIGHT HAVING A CENTRAL ANGLE OF 00 DEGREES 49 MINUTES 17 SECONDS, A RADIUS OF 1395.00 FEET, AND A LONG CHORD THAT BEARS NORTH 03 DEGREES 50 MINUTES 10 SECONDS WEST, A DISTANCE OF 20.00 FEET; ALONG SAID NON-TANGENT CURVE TO THE RIGHT, AN ARC DISTANCE OF 20.00 FEET TO A POINT FOR CORNER; SOUTH 86 DEGREES 34 MINUTES 29 SECONDS WEST, A DISTANCE OF 50.00 FEET TO A POINT FOR CORNER, AND THE BEGINNING OF A NON-TANGENT CURVE TO THE LEFT HAVING A CENTRAL ANGLE OF 00 DEGREES 51 MINUTES 25 SECONDS, A RADIUS OF 1445.00 FEET, AND A LONG CHORD THAT BEARS SOUTH 03 DEGREES 51 MINUTES 14 SECONDS EAST, A DISTANCE OF 21.61 FEET; ALONG SAID NO-TANGENT CURVE TO THE LEFT, AN ARC DISTANCE OF 21.61 FEET TO A POINT FOR CORNER; SOUTH 84 DEGREES 43 MINUTES 35 SECONDS WEST, A DISTANCE OF 25.22 FEET TO A POINT FOR CORNER, AND THE BEGINNING OF A TANGENT CURVE TO THE RIGHT HAVING A CENTRAL ANGLE OF 05 DEGREES 50 MINUTES 09 SECONDS, A RADIUS OF 175.00 FEET, AND A LONG CHORD THAT BEARS SOUTH 87 DEGREES 38 MINUTES 40 SECONDS WEST, A DISTANCE OF 17.82 FEET; ALONG SAID TANGENT CURVE TO THE RIGHT, AN ARC DISTANCE OF 17.82 FEET TO A POINT FOR CORNER; NORTH 89 DEGREES 26 MINUTES 16 SECONDS WEST, A DISTANCE OF 192.28 FEET TO A POINT FOR CORNER; NORTH 00 DEGREES 33 MINUTES 44 SECONDS EAST, A DISTANCE OF 20.00 FEET TO A POINT FOR CORNER; NORTH 89 DEGREES 26 MINUTES 16 SECONDS WEST, A DISTANCE OF 50.00 FEET TO A POINT FOR CORNER; SOUTH 00 DEGREES 33 MINUTES 44 SECONDS WEST, A DISTANCE OF 20.00 FEET TO A POINT FOR CORNER; NORTH 89 DEGREES 26 MINUTES 16 SECONDS WEST, A DISTANCE OF 230.00 FEET TO A POINT FOR CORNER; NORTH 00 DEGREES 33 MINUTES 44 SECONDS EAST, A DISTANCE OF 20.00 FEET TO A POINT FOR CORNER; NORTH 89 DEGREES 26 MINUTES 16 SECONDS WEST, A DISTANCE OF 50.00 FEET TO A POINT FOR CORNER; SOUTH 00 DEGREES 33 MINUTES 44 SECONDS WEST, A DISTANCE OF 20.00 FEET TO A POINT FOR CORNER; NORTH 89 DEGREES 26 MINUTES 16 SECONDS WEST, A DISTANCE OF 240.00 FEET TO A POINT FOR CORNER; NORTH 00 DEGREES 33 MINUTES 44 SECONDS EAST, A DISTANCE OF 20.00 FEET TO A POINT FOR CORNER; NORTH 89 DEGREES 26 MINUTES 16 SECONDS WEST, A DISTANCE OF 50.00 FEET TO A POINT FOR CORNER; SOUTH 00 DEGREES 33 MINUTES 44 SECONDS WEST, A DISTANCE OF 20.00 FEET TO A POINT FOR CORNER; NORTH 89 DEGREES 26 MINUTES 16 SECONDS WEST, A DISTANCE OF 255.01 FEET TO A POINT FOR CORNER, AND THE BEGINNING OF A TANGENT CURVE TO THE RIGHT HAVING A CENTRAL ANGLE OF 42 DEGREES 25 MINUTES 34 SECONDS, A RADIUS OF 225.00 FEET, AND A LONG CHORD THAT BEARS NORTH 68 DEGREES 13 MINUTES 29 SECONDS WEST, A DISTANCE OF 162.83 FEET; ALONG SAID TANGENT CURVE TO THE RIGHT, AN ARC DISTANCE OF 166.61 FEET TO A POINT FOR CORNER, AND THE BEGINNING OF A NON-TANGENT CURVE TO THE RIGHT HAVING A CENTRAL ANGLE OF 00 DEGREES 38 MINUTES 44 SECONDS, A RADIUS OF 1775.00 FEET, AND A LONG CHORD THAT BEARS NORTH 50 DEGREES 35 MINUTES 37 SECONDS EAST, A DISTANCE OF 20.00 FEET; ALONG SAID NON-TANGENT CURVE TO THE RIGHT, AN ARC DISTANCE OF 20.00 FEET TO A POINT FOR CORNER; NORTH 39 DEGREES 05 MINUTES 01 SECOND WEST, A DISTANCE OF 50.00 FEET TO A POINT FOR CORNER, AND THE BEGINNING OF A NON-TANGENT CURVE TO THE LEFT HAVING A CENTRAL ANGLE OF 00 DEGREES 42 MINUTES 48 SECONDS, A RADIUS OF 1825.00 FEET, AND A LONG CHORD THAT BEARS SOUTH 50 DEGREES 33 MINUTES 35 SECONDS WEST, A DISTANCE OF 22.72 FEET; ALONG SAID NON-TANGENT CURVE TO THE LEFT, AN ARC DISTANCE OF 22.72 FEET TO A POINT FOR CORNER; NORTH 40 DEGREES 34 MINUTES 55 SECONDS WEST, A DISTANCE OF 127.05 FEET TO A POINT FOR CORNER; SOUTH 49 DEGREES 25 MINUTES 05 SECONDS WEST, A DISTANCE OF 50.00 FEET TO A POINT FOR CORNER; NORTH 40 DEGREES 34 MINUTES 55 SECONDS WEST, A DISTANCE OF 367.98 FEET TO A POINT FOR CORNER; NORTH 49 DEGREES 25 MINUTES 05 SECONDS EAST, A DISTANCE OF 50.00 FEET TO A POINT FOR CORNER; SOUTH 40 DEGREES 34 MINUTES 55 SECONDS EAST, A DISTANCE OF 64.81 FEET TO A POINT FOR CORNER; NORTH 52 DEGREES 50 MINUTES 41 SECONDS EAST, A DISTANCE OF 96.98 FEET TO A POINT FOR CORNER; SOUTH 85 DEGREES 01 MINUTE 55 SECONDS EAST, A DISTANCE OF 103.11 FEET TO A POINT FOR CORNER; NORTH 68 DEGREES 32 MINUTES 14 SECONDS EAST, A DISTANCE OF 96.68 FEET TO A POINT FOR CORNER; NORTH 55 DEGREES 08 MINUTES 33 SECONDS EAST, A DISTANCE OF 214.34 FEET TO A POINT FOR CORNER; NORTH 74 DEGREES 25 MINUTES 53 SECONDS EAST, A DISTANCE OF 261.89 FEET TO A POINT FOR CORNER; NORTH 79 DEGREES 18 MINUTES 51 SECONDS EAST, A DISTANCE OF 108.28 FEET TO A POINT FOR CORNER; NORTH 31 DEGREES 21 MINUTES 44 SECONDS EAST, A DISTANCE OF 143.56 FEET TO A POINT FOR CORNER; NORTH 11 DEGREES 17 MINUTES 29 SECONDS EAST, A DISTANCE OF 178.12 FEET TO A POINT FOR CORNER; NORTH 50 DEGREES 23 MINUTES 09 SECONDS EAST, A DISTANCE OF 263.88 FEET TO A POINT FOR CORNER; NORTH 19 DEGREES 08 MINUTES 50 SECONDS EAST, A DISTANCE OF 167.48 FEET TO A POINT FOR CORNER; NORTH 42 DEGREES 52 MINUTES 54 SECONDS EAST, A DISTANCE OF 315.68 FEET TO A POINT FOR CORNER; NORTH 60 DEGREES 14 MINUTES 32 SECONDS EAST, A DISTANCE OF 227.32 FEET TO A POINT FOR CORNER; NORTH 33 DEGREES 10 MINUTES 39 SECONDS EAST, A DISTANCE OF 231.68 FEET TO A POINT FOR CORNER ON THE NORTH LINE OF AFORESAID 61.905 ACRE TRACT AND THE COMMON SOUTH LINE OF THE REMAINDER OF AFORESAID 275.00 ACRE TRACT; THENCE, NORTH 89 DEGREES 28 MINUTES 39 SECONDS EAST, ALONG SAID COMMON LINE, A DISTANCE OF 168.47 FEET TO THE POINT OF BEGINNING AND CONTAINING A CALCULATED AREA OF 1,902,744 SQUARE FEET OR 43.681 ACRES OF LAND. CITY OF ANNA, TEXAS (Property rezoned under this ordinance is generally located on the north side of Hackberry Drive, 480± feet west of Ferguson Parkway) AN ORDINANCE OF THE CITY OF ANNA, TEXAS AMENDING THE CITY'S COMPREHENSIVE PLAN, ZONING MAP, AND ZONING ORDINANCE AND CHANGING THE ZONING OF CERTAIN PROPERTY AS DESCRIBED HEREIN; PROVIDING FOR SA VIN GS, REPEALING AND SEVERABILITY CLAUSES; PROVIDING FOR AN EFFECTIVE DATE; PROVIDING FOR A PENALTY CLAUSE NOT TO EXCEED $2,000 OR THE HIGHEST PENALTY AMOUNT ALLOWED BY LAW, WHICHEVER IS LESS; AND, PROVIDING FOR THE PUBLICATION OF THE CAPTION HEREOF. WHEREAS, the City of Anna, Texas ("City") has previously adopted ordinances, rules and regulations governing the zoning in the City; and WHEREAS, the City has received a requested zoning change on Property described in Exhibit A ("Property") attached hereto and incorporated herein for all purposes as if set forth in full; and WHEREAS, said Prope1iy generally located on the north side of Hackberry Drive, 480± feet west of Ferguson Parkway being rezoned from Single-Family Residential -Large Lot (SF-E) to Planned Development (PD) zoning; and WHEREAS, the Planning and Zoning Commission of the City and the City Council of the City of Anna ("City Council") have given the requisite notices by publication and otherwise and have held the public hearings as required by law and afforded a full and fair hearing to all prope1iy owners and generally to all persons interested in and situated in the affected area and in the vicinity thereof, the City Council has concluded that the Zoning Ordinance of the City should be amended as set fmih below. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS THAT: Section 1. Recitals Incorporated The above recitals are incorporated herein by reference for all purposes. Section 2. Zoning Change The Anna City Code of Ordinances are hereby amended by changing the zoning of the Prope1iy described in Exhibit A from Single-Family Residential -Large Lot (SF-E) to Planned Development (PD) zoning. The Planned Development (PD) zoning regulations limit the permitted uses and development standards of the Property or any part thereof to those permitted in the SF-60 Single-Family Residence District and C-1 Restricted Commercial District, unless otherwise specified herein, as depicted in the Concept Plan on the attached Exhibit B. A. Development Standards: l. SF-60 Residential Zoning District Area Regulations: a. Side Yard, Interior: 5 feet. b. Rear yard: 1. 20 feet -lots backing to either a minor or major collector, to include the minimum 15 feet-wide landscape tract adjacent to a major collector. ii. l 0 feet -all other lots c. Front Yard: 20 feet with no additional encroachments. d. Min. Lot Area: 5,500 sq. ft./ overall average 6,600 sq. ft. e. Min. Lot Width: 50 feet / overall average 60 feet. f. Min. Lot Depth: 1. 120 feet -lots backing to either a minor or major collector, to include the minimum 15 feet-wide landscape tract adjacent to a major collector. 11. 110 feet -all other lots. g. Max. Lot Coverage: 60% h. Building Size: min. 1,500 sq. ft. 2. Maximum total residential lots not to exceed 800. 3. Single-family development is restricted to a front-entry product. 4. Streets: a. The maximum length of any block or street segment shall be 1,600 feet and the minimum length shall be 300 feet. b. The street patterns depicted in the approved Concept Plan shall fulfill minimum curvilinear street requirement, either as a whole or by phase. c. The Planned Development is responsible for construction of one-half of the divided roadway section of future Ferguson Parkway and one-half of the divided roadway of future Hackberry Drive to the extent located within or adjacent to the Planned Development. 2 Section 3. 5. Fencing: Fencing along the rear property boundary of any lot backing to natural drainage areas or creeks are restricted to wrought iron, tubular steel, or tubular aluminum and must be at least 50% open construction. 6. Amenities: Amenity center with swimming pool, restroom and changing area, an 8- foot wide concrete sidewalk/trail, and a trailhead with playground and park benches along with pet waste stations shall be provided in general conformance to the locations identified on the approved Concept Plan. 7. The area identified as "Mixed Use" on the approved Concept Plan may be developed entirely as either C-1 Restricted Commercial or SF-60 Single-Family Residence District as amended by the PD. B. Plats and/or site plans submitted for the development of the PD shall conform to the data presented and approved on the Conceptual Development plan. Non-substantial changes of detail on the final development plan(s) that differ from the Conceptual Development plan may be authorized by the City Council with the approval of the final development plan(s) and without public hearing. C. The Conceptual Development Plan will expire after two (2) years of approval. Official Zoning Map The official Zoning Map of the City shall be corrected to reflect the change in zoning described herein. Section 4. Savings, Repealing and Severability Clauses It is hereby declared to be the intention of the City Council that the words, sentences, paragraphs, subdivisions, clauses, phrases, and provisions of this ordinance are severable and, if any phrase, sentence, paragraph, subdivision, clause, or provision of this ordinance shall be declared unconstitutional or otherwise invalid or inapplicable by the valid judgment or decree of any court of competent jurisdiction, such unconstitutionality, invalidity or inapplicability shall not affect any of the remaining words, sentences, paragraphs, subdivisions, clauses, phrases, or provisions of this ordinance, since the same would have been enacted by the City Council without the incorporation in this ordinance of any such unconstitutional, invalid or inapplicable words, sentences, paragraphs, subdivisions, clauses, phrases, or provisions. Fmiher, all ordinances or paiis of ordinances in force when the provisions of this ordinance become effective that are consistent and do not conflict with the terms and provisions of this ordinance are hereby ratified to the extent of such consistency and lack of conflict, and all ordinances or parts of ordinances in force when the provisions of this ordinance become effective that are inconsistent or in conflict with the terms and provisions contained in this ordinance are hereby repealed only to the extent of any such conflict. Section 5. Penalty Any violation of any of the terms of this ordinance, whether denominated in this ordinance as unlawful or not, shall be deemed a misdemeanor. Any person convicted of any such violation shall be fined in an amount not to exceed $2,000 for each incidence of violation. Each day a violation exists is considered a separate offense and will be punished separately. 3 Section 6. Publication of the Caption and Effective Date This ordinance shall be effective upon its passage by the City Council, approval by the Mayor, and posting and/or publication, if required by law, of its caption. The City Secretary is hereby authorized and directed to implement such posting and/or publication. PASSED by the City Council of the City of Anna, Texas this 10th day of December 2019. ATTESTED: APPROVED: Carrie L. Smith, City Secretary 4 [EXHIBIT A I LEGAL DESCRIPTION TRACT 1 161.250 ACRES BEING A 161.250 ACRE TRACT OF LAND SITUATED IN THE FRANCIS T. DUFFAU SURVEY, ABSTRACT NO. 288, CITY OF ANNA E.T.J., COLLIN COUNTY, TEXAS, AND BEING ALL OF A CALLED 162.12 ACRE TRACT OF LAND CONVEYED TO QJR PARTNERSHIP, LTD. BY DEED RECORDED IN VOLUME 5106, PAGE 2380, OFFICIAL PUBLIC RECORDS, COLLIN COUNTY, TEXAS AND SAID 162.12 ACRE TRACT BEING DESCRIBED IN DEED TO LORRAINE SHERLEY, AS RECORDED IN VOLUME 784, PAGE 34, DEED RECORDS, COLLIN COUNTY, TEXAS. BEING ALL OF A CALLED 80 ACRE TRACT OF LAND CONVEYED AS FIRST TRACT, ALL OF A CALLED 40.86 ACRE TRACT OF LAND CONVEYED AS THIRD TRACT, ALL OF A CALLED 10 ACRE TRACT OF LAND CONVEYED AS FOURTH TRACT, ALL OF A CALLED 10 ACRE TRACT OF LAND CONVEYED AS FIFTH TRACT, AND ALL OF A CALLED 21.26 ACRE TRACT OF LAND CONVEYED AS SIXTH TRACT. SAID 161.250 ACRE TRACT WITH BEARING BASIS BEING GRID NORTH, TEXAS STATE PLANE COORDINATES, NORTH CENTRAL ZONE, NAD83 (NAD83 (2011) EPOCH 2010), DETERMINED BY GPS OBSERVATIONS, CALCULATED FROM DENTON CORS ARP (PID-DF8986) AND DALLAS CORS ARP (PID-DF8984) AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING AT A 5/8" IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR THE SOUTHWEST CORNER OF SAID 21.26 ACRE SIXTH TRACT, THE COMMON NORTHWEST CORNER OF LOT 56, BLOCK F AND THE NORTHEAST CORNER OF LOT 3, BLOCK G OF CREEKSIDE PHASE 3, AN ADDITION TO THE CITY OF ANNA ACCORDING TO THE PLAT RECORDED IN CABINET P, SLIDE 623, PLAT RECORDS, COLLIN COUNTY, TEXAS AND BEING THE COMMON SOUTHEAST CORNER OF CALLED 50.53 ACRE TRACT OF LAND CONVEYED BY DEED TWO-J PARTNERS, LLLP RECORDED IN COUNTY CLERK'S FILE NO. 20080509000562500, OFFICIAL PUBLIC RECORDS, COLLIN COUNTY, TEXAS; THENCE, ALONG THE COMMON EAST LINE OF SAID 50.53 ACRE TRACT AND THE WEST LINE OF SAID 21.26 ACRE SIXTH TRACT AND THE WEST LINE OF SAID 10 ACRE FOURTH TRACT, THE FOLLOWING COURSES AND DISTANCES: NORTH 00 DEGREES 40 MINUTES 32 SECONDS EAST, A DISTANCE OF 260.50 FEET TO A POINT FOR CORNER; NORTH 00 DEGREES 59 MINUTES 07 SECONDS EAST, A DISTANCE OF 1115.83 FEET TO A POINT FOR CORNER; NORTH 00 DEGREES 49 MINUTES 32 SECONDS EAST, A DISTANCE OF 309.20 FEET TO A POINT FOR CORNER; S:\NTX-LAND\00771200 SURVEY\230 Legal Descriptions\0077BY01-TRACT 1.docx Page 1 of 3 NORTH 00 DEGREES 36 MINUTES 32 SECONDS EAST, A DISTANCE OF 368.00 FEET TO A POINT FOR CORNER; NORTH 00 DEGREES 42 MINUTES 32 SECONDS EAST, A DISTANCE OF 596.23 FEET TO A P.K. NAIL WITH SHINER STAMPED "LJA SURVEYING SURVEYING" SET FOR CORNER, SAID POINT LYING IN COLLIN COUNTY ROAD NO. 370 (A PRESCRIPTIVE RIGHT OF WAY), SAID POINT BEING THE COMMON NORTHWEST CORNER OF SAID 10 ACRE FOURTH TRACT AND THE NORTHEAST CORNER OF SAID 50.53 ACRE TRACT AND BEING ON THE SOUTH LINE OF A CALLED 64.5 TRACT ACRE OF LAND CONVEYED TO QJR PARTNERSHIP, LTD. BY DEED RECORDED IN VOLUME 5106, PAGE 2380, OFFICIAL PUBLIC RECORDS, COLLIN COUNTY, TEXAS AND SAID 64.5 ACRE TRACT BEING DESCRIBED AS SECOND TRACT IN SAID VOLUME 784, PAGE 34, DEED RECORDS, COLLIN COUNTY, TEXAS; THENCE, SOUTH 88 DEGREES 56 MINUTES 00 SECONDS EAST, ALONG THE COMMON SOUTH LINE OF SAID 64.5 ACRE SECOND TRACT AND THE NORTH LINES OF SAID 10 ACRE FOURTH TRACT, SAID 21.26 ACRE SIXTH TRACT, SAID 80 ACRE FIRST TRACT, SAID 10 ACRE FIFTH TRACT, AND SAID 40.86 ACRE THIRD TRACT, A DISTANCE OF 2,654.98 FEET TO A 5/8" IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR THE NORTHEAST CORNER OF SAID 40.86 ACRE THIRD TRACT AND THE COMMON NORTHWEST CORNER OF A CALLED A 111.666 ACRE TRACT OF LAND CONVEYED BY DEED TO OAKWOOD VILLAGE APARTMENTS, INC., RECORDED IN COUNTY CLERK'S FILE NO. 20171201001594200, OFFICIAL PUBLIC RECORDS, COLLIN COUNTY, TEXAS; THENCE, SOUTH 00 DEGREES 33 MINUTES 44 SECONDS WEST, ALONG THE COMMON EAST LINE OF SAID 40.86 ACRE THIRD TRACT AND THE WEST LINE OF SAID 111.666 ACRE TRACT, A DISTANCE OF 2640.17 FEET TO A 5/8" IRON ROD WITH YELLOW PLASTIC CAP STAMPED "J.E. SMITH 3700" FOUND FOR THE COMMON SOUTHEAST CORNER OF SAID 40.86 ACRE THIRD TRACT AND THE SOUTHWEST CORNER OF SAID 111.666 ACRE TRACT, SAID POINT LYING ON THE NORTH LINE OF A 17.455 ACRE TRACT OF LAND CONVEYED AS TRACT 1 NORTH, TO LENNAR HOMES OF TEXAS LAND AND CONSTRUCTION, LTD., RECORDED IN COUNTY CLERK'S FILE NO. 20180614000736900, OFFICIAL PUBLIC RECORDS, COLLIN COUNTY, TEXAS; THENCE, NORTH 88 DEGREES 46 MINUTES 28 SECONDS WEST, ALONG THE COMMON SOUTH LINE OF SAID 40.86 ACRE THIRD TRACT, THE SOUTH LINE OF AFORESAID 10.00 ACRE FIFTH TRACT, AND THE NORTH LINE OF SAID 17.455 ACRE TRACT, A DISTANCE OF 803.28 FEET TO A 5/8" IRON ROD FOUND FOR THE COMMON NORTHWEST CORNER OF SAID 17.455 ACRE TRACT AND THE NORTHEAST CORNER OF THE FALLS PHASE 2, AN ADDITION TO THE CITY OF S:\NTX-LAND\0077\200 SURVEY\230 Legal Descriptions\0077BY01-TRACT 1.docx Page 2 of 3 ANNA ACCORDING TO THE PLAT THEREOF RECORDED IN CABINET P, PAGE 870, PLAT RECORDS, COLLIN COUNTY TEXAS; THENCE, ALONG THE COMMON NORTH LINE OF SAID THE FALLS PHASE 2, CONTINUING ALONG THE SOUTH LINE OF SAID 10.00 ACRE FIFTH TRACT AND ALONG THE SOUTH LINE OF AFORESAID 80 ACRE FIRST TRACT, THE FOLLOWING COURSES AND DISTANCES: NORTH 89 DEGREES 00 MINUTES 01 SECOND WEST, A DISTANCE OF 642.80 FEET TO A 5/8" IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR CORNER; NORTH 89 DEGREES 04 MINUTES 18 SECONDS WEST, A DISTANCE OF 13.58 FEET TO A 5/8" IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR CORNER; NORTH 89 DEGREES 18 MINUTES 16 SECONDS WEST, A DISTANCE OF 715.13 FEET TO A 5/8" IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR CORNER AT THE COMMON NORTHWEST CORNER OF THE FALLS PHASE 2, THE NORTHEAST CORNER OF AFORESAID CREEKSIDE PHASE 3, THE SOUTHWEST CORNER OF SAID 80 ACRE FIRST TRACT AND THE SOUTHEAST CORNER OF AFORESAID 21.26 ACRE SIXTH TRACT; THENCE, NORTH 89 DEGREES 41 MINUTES 14 SECONDS WEST, ALONG THE COMMON SOUTH LINE OF SAID 21.26 ACRE SIXTH TRACT AND THE NORTH LINE OF SAID CREEKSIDE PHASE 3, A DISTANCE OF 492.18 FEET TO THE POINT OF BEGINNING AND CONTAINING A CALCULATED AREA OF 7,024,033 SQUARE FEET OR 161.250 ACRES OF LAND. S:\NTX-LAND\0077\200 SURVEY\230 Legal Descriptions\0077BY01-TRACT 1.docx Page 3 of 3 LEGAL DESCRIPTION TRACT 2 61.905 ACRES BEING A 61.905 ACRE TRACT OF LAND SITUATED IN THE JOHN ELLET SURVEY, ABSTRACT NO. 296, CITY OF ANNA E.T.J., COLLIN COUNTY, TEXAS, AND BEING PART OF A 64.50 ACRE TRACT OF LAND CONVEYED TO QJR PARTNERSHIP, LTD. BY DEED RECORDED IN VOLUME 5106, PAGE 2380, OFFICIAL PUBLIC RECORDS, COLLIN COUNTY, TEXAS AND SAID 64.5 ACRE TRACT BEING DESCRIBED AS SECOND TRACT IN THE DEED TO LORRAINE SHERLEY, AS RECORDED IN VOLUME 784, PAGE 34, DEED RECORDS, COLLIN COUNTY, TEXAS. SAID 61.905 ACRE TRACT WITH BEARING BASIS BEING GRID NORTH, TEXAS STATE PLANE COORDINATES, NORTH CENTRAL ZONE, NAD83 (NAD83 (2011) EPOCH 2010), DETERMINED BY GPS OBSERVATIONS, CALCULATED FROM DENTON CORS ARP (PID-DF8986) AND DALLAS CORS ARP (PID-DF8984) AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING AT A 1" IRON PIPE (BENT) FOUND FOR THE SOUTHEAST CORNER OF SAID 64.5 ACRE SECOND TRACT AND BEING THE COMMON NORTHEASTERLY NORTHWEST CORNER OF A 111.666 ACRE TRACT OF LAND CONVEYED BY DEED TO OAKWOOD VILLAGE APARTMENTS, INC., RECORDED IN COUNTY CLERK'S FILE NO. 20171201001594200, OFFICIAL PUBLIC RECORDS, COLLIN COUNTY, TEXAS, FROM WHICH 5/8" IRON ROD FOUND FOR AN INTERIOR ELL CORNER OF SAID 111.666 ACRE TRACT AND THE COMMON SOUTHWEST CORNER OF A 50.00 ACRE TRACT OF LAND CONVEYED BY DEED TO KA VASA FAMILY, LTD., RECORDED IN COUNTY CLERK'S FILE NO. 20171012001368980, OFFICIAL PUBLIC RECORDS, COLLIN COUNTY, TEXAS BEARS SOUTH 01 DEGREE 15 MINUTES 53 SECONDS WEST, A DISTANCE OF 36.09 FEET; THENCE, NORTH 88 DEGREES 57 MINUTES 17 SECONDS WEST, ALONG THE COMMON SOUTH LINE OF SAID 64.5 ACRE SECOND TRACT AND THE NORTH LINE OF SAID 111.666 ACRE TRACT, A DISTANCE OF 33.92 FEET TO A 5/8" IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR THE NORTHWEST CORNER OF SAID 111.666 ACRE TRACT AND THE COMMON NORTHEAST CORNER OF A CALLED 40.86 ACRE THIRD TRACT AS RECORDED IN SAID VOLUME 784, PAGE 34, DEED RECORDS, COLLIN COUNTY, TEXAS; THENCE, NORTH 88 DEGREES 56 MINUTES 00 SECONDS WEST, ALONG THE COMMON SOUTH LINE OF SAID 64.5 ACRE SECOND TRACT AND THE NORTH LINES OF SAID 40.86 ACRE THIRD TRACT, A CALLED 10 ACRE TRACT OF LAND CONVEYED AS FIFTH TRACT, A CALLED 80 ACRE TRACT OF LAND CONVEYED AS FIRST TRACT, A CALLED 21.26 ACRE TRACT OF LAND CONVEYED AS SIXTH S:\NTX-LAND\0077\200 SURVEY\230 Legal Descriptions\0077BY01-TRACT 2.docx Page 1 of 3 TRACT, AND A CALLED 10 ACRE TRACT OF LAND CONVEYED AS FOURTH TRACT, AS RECORDED IN SAID VOLUME 784, PAGE 34, DEED RECORDS, COLLIN COUNTY, TEXAS, A DISTANCE OF 2,654.98 FEET TO A P.K. NAIL WITH SHINER STAMPED "LJA SURVEYING" SET FOR THE NORTHWEST CORNER OF SAID FOURTH TRACT AND THE COMMON NORTHEAST CORNER OF A CALLED 50.53 ACRE TRACT OF LAND CONVEYED BY DEED TWO-J PARTNERS, LLLP RECORDED IN COUNTY CLERK'S FILE NO. 20080509000562500, OFFICIAL PUBLIC RECORDS, COLLIN COUNTY, TEXAS; THENCE, NORTH 88 DEGREES 48 MINUTES 28 SECONDS WEST, ALONG THE COMMON NORTH LINE OF A 50.53 ACRE TRACT AND THE SOUTH LINE OF SAID 64.5 ACRE SECOND TRACT, A DISTANCE OF 251.32 FEET TO A 5/8" IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR CORNER, SAID POINT BEING THE SOUTHWEST CORNER OF SAID 64.5 ACRE SECOND TRACT AND THE SOUTHEAST CORNER OF A 38.15 ACRE TRACT OF LAND CONVEYED BY DEED AS TRACT 7 TO MJLA ADAMS, LTD. RECORDED IN COUNTY CLERK'S FILE NO. 20110505000462590, OFFICIAL PUBLIC RECORDS, COLLIN COUNTY, TEXAS; THENCE, NORTH 01 DEGREE 38 MINUTES 26 SECONDS WEST, ALONG THE COMMON WEST LINE OF SAID 64.5 ACRE SECOND TRACT AND THE EAST LINE OF SAID 38.15 ACRE TRACT, A DISTANCE OF 509.20 FEET TO A P.K. NAIL WITH SHINER STAMPED "LJA SURVEYING" SET FOR CORNER, SAID POINT BEING THE NORTHEAST CORNER OF SAID 38.15 ACRE TRACT AND THE SOUTHEAST CORNER OF A 17.863 ACRE TRACT OF LAND CONVEYED BY DEED TO ANNA 18, LLC RECORDED IN COUNTY CLERK'S FILE NO. 20161020001423440, OFFICIAL PUBLIC RECORDS, COLLIN COUNTY, TEXAS; THENCE, DEPARTING SAID WEST LINE OF SAID 64.5 ACRE SECOND TRACT AND OVER AND ACROSS SAID 64.5 ACRE SECOND TRACT, THE FOLLOWING COURSES AND DISTANCES: NORTH 89 DEGREES 28 MINUTES 39 SECONDS EAST, A DISTANCE OF 500.77 FEET TO A 5/8" IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR CORNER; NORTH 00 DEGREES 31 MINUTES 21 SECONDS WEST, A DISTANCE OF 432.96 FEET TO A 5/8" IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR CORNER ON THE NORTH LINE OF SAID 64.5 ACRE SECOND TRACT AND THE COMMON SOUTH LINE OF A 159.725 ACRE TRACT OF LAND CONVEYED BY DEED TO LHJH MANAGEMENT COMPANY LLC RECORDED IN COUNTY CLERK'S FILE NO. 20061003001424590, OFFICIAL PUBLIC RECORDS, COLLIN COUNTY, TEXAS; S:\NTX-LAND\0077\200 SURVEY\230 Legal Descriptions\0077BY01-TRACT 2.docx Page 2 of 3 THENCE, NORTH 89 DEGREES 28 MINUTES 39 SECONDS EAST, ALONG THE COMMON NORTH LINE OF SAID 64.5 ACRE SECOND TRACT, AND THE SOUTH LINE OF SAID 159.725 ACRE TRACT, A DISTANCE OF 2,480.20 FEET TO A 5/8" IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR THE NORTHEAST CORNER OF SAID 64.5 ACRE SECOND TRACT AND THE COMMON SOUTHEAST CORNER OF SAID 159.725 ACRE TRACT, SAID POINT BEING ON THE WEST LINE OF AFORESAID KAYASA FAMILY 50.00 ACRE TRACT; THENCE, SOUTH 01 DEGREE 15 MINUTES 53 SECONDS WEST, ALONG THE COMMON EAST LINE OF SAID 64.5 ACRE SECOND TRACT AND THE WEST LINE OF SAID 50.00 ACRE TRACT, A DISTANCE OF 1024.64 FEET TO THE POINT OF BEGINNING AND CONTAINING A CALCULATED AREA OF 2,696,563 SQUARE FEET OR 61.905 ACRES OF LAND. S:\NTX-LAND\0077\200 SURVEY\230 Legal Descriptions\0077BY01 • TRACT 2.docx Page 3 of 3 ZONING: SF-E 1111111111111111 111111111 ZONING : PD 2001-12 0 250 500 i i i COUNTY ROAD 370 ZONING : PD 507-2010 l------'-'---1---1--JL--I 1---_.-AMENITY CENTER WIT t---'-~'----=r.t PLA YG RO UNO ZONING: PD 2001-23 STORMWATE DETENTION HACKBERRY DR. (MlljQR COLLECTOR) CONCEPT PLAN MEADOW VISTA BLOOMFIELD HOMES NOVEMBER 2019 LJA Engineering, Inc. 6060 North Central Expressway Suite 440 Phone 469.621 .0710 DESCRIPTION: CITY OF ANNA PLANNING & ZONING COMMISSION December 2, 2019 Agenda Item No. 6B Applicant: Bloomfield Homes Request to rezone 223.0± acres located on the north side of Hackberry Drive, 480± feet west of Ferguson Parkway from Single-Family Residential -Large Lot to Planned Development-Single-Family Residence-60/Restricted Commercial District. REMARKS: The applicant is requesting to rezone the subject property to Planned Development­ Single-Family Residence-60/Restricted Commercial District (PD-SF-60/C-1) to allow for a single-family residential development with modified development standards which may include a nonresidential component. A PD district is intended to provide for combining and mixing of uses allowed in various districts with appropriate regulations and to permit flexibility in the use and design of land and buildings in situations where modification of specific provisions of this article is not contrary to its intent and purpose or significantly inconsistent with the planning on which it is based and will not be harmful to the community. A PD district may be used to permit new and innovative concepts in land utilization. While great flexibility is given to provide special restrictions which will allow development not otherwise permitted, procedures are established herein to insure against misuse of the increased flexibility. The SF-60 Single-Family Residential District is designed to accommodate single-family residential development on relatively ample lots. The district can be appropriately located in proximity to agricultural and single-family residential uses. The C-1 district is established to accommodate the shopping needs of residents in adjacent residential areas. This district is meant to be used in limited areas, where retail or service establishments deal directly with customers. Businesses in the C- 1 district should be oriented to satisfying the daily and frequent shopping needs of the neighborhood consumer. A concept plan, Meadow Vista, accompanies this request as Agenda Item 6C. Surrounding Land Use and Zoning North Vacant land zone Aqricultural East Across future Ferguson Parkway vacant land zoned Agricultural and vacant land zoned PD-SF-72 Single-Family Residence. At the southeastern portion of the tract vacant land zoned PD-NC Neiqhborhood Convenience South Across future Hackberry Drive vacant land zoned PD-SF-72, and two existing residential subdivisions (The Falls and Creekside) zoned PD-R-1. West Vacant tract zoned PD-C-1 Restricted Commercial and vacant tracts zoned SF-E Single-Family Residential -Larqe Lot Proposed Planned Development Stipulations The requested zoning is PD-SF-60/C-1. There are two primary parts to this request: land use and design standards. Land Use -The applicant is proposing to rezone the subject property to allow for a single­ family residential subdivision with a nonresidential component. Design Standards -The language in the proposed PD district would allow for a single­ family residential development with modified area regulations and nonresidential that would be limited to the northwest portion of the zoning request. Conformance with the City of Anna Strategic Plan and Comprehensive Plan Anna Vision 2034 a. Principle 3: Preserved some natural areas/open space through the community. b. Principle 5: Great Housing Opportunities. i. Diverse housing choices for all family generations: small lots, townhomes, estate homes, "ranchette", apartments, mixed-use development. ii. Safe, well-design, well-maintained multi-family and single-family rental housing. City of Anna Goals for 2024 a. Goal 2: Sustainable Anna Community Through Planned, Managed Growth. i. Having new buildings and homes that are attractive and using the appropriate building materials and meeting City's architectural standards. AGENDA ITEM NO. 5B (12/02/19) PAGE 2 OF 5 ii. Develop City infrastructure to support a growing community. iii. Having a range of housing choice available in Anna. Future Land Use Plan -The Future Land Use Plan identifies four land use designations within the subject property. Single Family (yellow) Parks (green), and medium density (orange), and Commercial (red). The proposed zoning request is in conformance with the Future Lane use Plan. Adequacy of Public Facilities -Water and sanitary sewer services are available to serve the subject property; however, the applicant may be responsible for making improvements to either the water and/or sanitary sewer system to increase the system capacity if required. ISSUES: Residential Form. The applicant has indicated the zoning request is a continuation of the established subdivisions to the south with the exception of the minimum lot depth which has been increased to allow for a larger building pad site. Below is a comparison between the proposed area regulations and the existing subdivisions regulations PO-SF-60 The Falls & SF-60 Creekside Min . front yard 20 ft. 20 ft. 25 ft. Min. side vard 5 ft. I 15 ft. corner 5 ft. I 10 ft. corner 10 ft. / 15 ft. corner Min . rear 15 ft. adjacent to 15 ft. 25 ft. collector R.O.W. / 10 ft. elsewhere Min. lot area 5,500 sq. ft. / 6,000 sq. ft. 6.000 sq. ft. 6,600 sq. ft. averaQe Min. lot width 50 ft. 50 ft. 50 ft. AGENDA ITEM NO . 5B (12/02/19) PAGE 3 OF 5 Min. lot depth 120 ft. adjacent to 90 ft. 120 ft. collector R.O.W. I 110 ft. elsewhere Min. building size 1,500 sq. ft. 1,200 sq. ft. 1,600 sq. ft. Max. lot coveraqe 60% 50% 45% SUMMARY: The applicant is requesting to rezone 223.0± acres to allow for the development of a SF- 60 single-family residential subdivision with modified standards. As part of the request the applicant is reserving an area that can be built either to C-1 Restricted Commercial district standards or modified SF-60 standards that is shown on the companion Concept Plan. The request is in conformance with the future land use plan and elements of the City of Anna Strategic Plan due to diversifying housing stock, preserving and enhancing natural areas with a trail system, meeting masonry building material requirements, and extending two significant collector roadways. For these reasons, staff is in support of the rezoning request. RECOMMENDATION: Recommended for approval as follows: The permitted uses and standards shall be in conformance with the SF-60 Single-Family Residence District and C-1 Restricted Commercial District, unless otherwise specified herein. 1. SF-60 Residential Zoning District Area Regulations: a. Side Yard, Interior: 5 feet. b. Rear yard: i. 20 feet -lots backing to either a minor or major collector, to include the minimum 15 feet-wide landscape tract adjacent to a major collector. ii. 10 feet -all other lots c. Front Yard: 20 feet with no additional encroachments. d. Min. Lot Area: 5,500 sq. ft./ overall average 6,600 sq. ft. e. Min. Lot Width: 50 feet I overall average 60 feet. f. Min. Lot Depth: AGENDA ITEM NO. 5B (12/02/19) PAGE 4 OF 5 i. 120 feet -lots backing to either a minor or major collector, to include the minimum 15 feet-wide landscape tract adjacent to a major collector. ii. 110 feet -all other lots. g. Max. Lot Coverage: 60% h. Building Size: min. 1,500 sq. ft. 2. Maximum total residential lots not to exceed 800. 3. Single-family development is restricted to a front-entry product. 4. Streets: a. The maximum length of any block or street segment shall be 1,600 feet and the minimum length shall be 300 feet. b. The street patterns depicted in the approved Concept Plan shall fulfill minimum curvilinear street requirement, either as a whole or by phase. c. The Planned Development is responsible for construction of one-half of the divided roadway section of future Ferguson Parkway and one-half of the divided roadway of future Hackberry Drive to the extent located within or adjacent to the Planned Development. 5. Fencing: Fencing along the rear property boundary of any lot backing to natural drainage areas or creeks are restricted to wrought iron, tubular steel, or tubular aluminum and must be at least 50% open construction. 6. Amenities: Amenity center with swimming pool, restroom and changing area, an 8-foot wide concrete sidewalk/trail, and a trailhead with playground and park benches along with pet waste stations shall be provided in general conformance to the locations identified on the approved Concept Plan. 7. The area identified as "Mixed Use" on the approved Concept Plan may be developed entirely as either C-1 Restricted Commercial or SF-60 as amended by the PD. AGENDA ITEM NO. 5B (12/02/19) PAGE 5 OF 5 THE CITY OF Anna N A D Proposed Site CJ Parcels 375 750 1,500 --Feet December20 19 EXHIBIT C CONCEPT PLAN m MY m nmmnm — -- —_ -.; rtttt,•ii i iiiiii =i = — = r- Ro Item No. 6.d. City Council Agenda Staff Report Meeting Date: 12/9/2025 Staff Contact: Terri Doby AGENDA ITEM: Approve the Quarterly Investment Report for the Period Ending September 30, 2025. (Director of Finance Terri Doby) SUMMARY: In accordance with the Public Funds Investment Act (PFIA), the City of Anna is required to submit a quarterly report on the investments of public funds held by the City. The report includes: • Summary of Investments by category • Economic overview with charts showing historical data • Total of investment holdings, including portfolio composition and maturity range • Book and market comparison The fiscal year-to-date average yield for the portfolio equaled 4.62%. Total cash and investments increased $52.6 million for the quarter. The increase is attributed to the issuance of $84 million in Certificates of Obligation earlier this summer. FINANCIAL IMPACT: Interest income for the quarter ending September 30, 2025, equaled $2.59 million. Overall, interest income for the fiscal year-to-date was $9.28 million. BACKGROUND: According to the City of Anna's Investment Policy, funds will be administered and invested in a manner that will preserve the principal, maintain liquidity, and optimize earnings while meeting the daily cash flow requirements of the City and the guidelines to be followed in achieving its objectives. The City of Anna invests funds in several types of instruments, including Checking and Money Market accounts, Certificates of Deposit, and Government Pool funds. Investment funds are currently held in SouthState Bank and TexPool. The city works with Valley View Consulting, LLC to maximize current interest rates while maintaining a high degree of safety and sufficient liquidity to fund ongoing operations. STRATEGIC CONNECTIONS: This item supports the City of Anna Strategic Plan, specifically advancing the strategic outcome area: Excellent. ATTACHMENTS: 1. 2025 09 Anna Quarterly Investment Report FYE Results by Investment Category: Asset Type Book Value Market Value Ave. Yield Book Value Market Value Ave. Yield Bank DDA/MMA 80,631,377$ 80,631,377$ 5.35%150,869,191$ 150,869,191$ 4.59% LGIPs 53,538,287 53,538,287 5.16%77,701,256 77,701,256 4.30% Securities/CDs 68,615,070 68,615,070 5.26%5,000,000 5,000,000 4.07% Totals 202,784,733$ 202,784,733$ 233,570,447$ 233,570,447$ Fourth Quarter-End Yield 5.27%4.48% Average Quarter-End Yields (1): 2024 Fiscal Year 2025 Fiscal Year Anna 5.46%4.62% Rolling Three Month Treasury 5.42%4.38% Rolling Six Month Treasury 5.34%4.35% TexPool 5.29%4.36% Fiscal YTD Interest Earnings 10,522,521$ 9,282,066$ (1) Average Quarterly Yield calculated using quarter-end report average yield and adjusted book value. Annual Comparison September 30, 2024 September 30, 2025 City of Anna Valley View Consulting, L.L.C.1 Quarter End Results by Investment Category: Asset Type Ave. Yield Book Value Market Value Ave. Yield Book Value Market Value Bank DDA/MMA 4.59%88,453,192$ 88,453,192$ 4.59%150,869,191$ 150,869,191$ LGIPs 4.30%86,318,225 86,318,225 4.30%77,701,256 77,701,256 Securities/CDs 5.04%6,152,681 6,152,681 4.07%5,000,000 5,000,000 Totals 4.47%180,924,099$ 180,924,099$ 4.48%233,570,447$ 233,570,447$ Average Yield - Current Quarter (1) Fiscal Year-to-Date Average Yield (2) Total Portfolio 4.48%Total Portfolio 4.62% Rolling Three Month Treasury 4.24%Rolling Three Month Treasury 4.38% Rolling Six Month Treasury 4.17%Rolling Six Month Treasury 4.35% Quarterly TexPool Yield 4.25%Quarterly TexPool Yield 4.36% Interest Income (Approximate) Year-to-date Interest Income 9,282,066$ Summary (2) Fiscal Year-to-Date Average Yields - calculated using quarter end report yields and adjusted book values and does not reflect a total return analysis or account for advisory fees. (1) Averge Yield - Current Quarter - based on adjusted book value, realized and unrealized gains/losses and investment advisory fees are not considered. The yield for the reporting month is used for bank, pool and money market balances. September 30, 2025June 30, 2025 City of Anna Valley View Consulting, L.L.C.2 Economic Overview 10/31/2025 The Federal Open Market Committee (FOMC) cut the Fed Funds target again 10/29 to 3.75% - 4.00% (Effective Fed Funds trade +/-3.83%). The timing of additional rate cuts waned slightly from Dec 2025 to Jan 2026. Bureau of Labor Statistics employment data is still unavailable. The S&P 500 Stock Index reached a new high (+/-6,800) from Sep's previous high (+/- 6,600). The yield curve dips at 2 years rising thereafter. Crude Oil still bounces +/- $60s. Inflation continues above the FOMC 2% target (Core PCE +/-3.0% and Core CPI +/-3.0%). The Markets still face uncertain economic outlooks, tariff impacts, US government shutdown, and political conflicts. 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 S&P 500 0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50 4.00 4.50 5.00 5.50 6.00 US Treasury Historical Yields - Since Nov 2018 Six Month T-Bill Two Year T-Note Ten Year T-Note 0.00 1.00 2.00 3.00 4.00 5.00 6.00 Treasury Yield Curves October 31, 2024 July 31, 2025 October 31, 2025 0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50 4.00 4.50 5.00 5.50 6.00 US Treasury Historical Yields - Since 2006 Six Month T-Bill Two Year T-Note Ten Year T-Note All numbers estimated and subject to change.Valley View Consulting, L.L.C.3 Investment Holdings September 30, 2025 SouthState MMA 4.59%10/01/25 09/30/25 150,869,191$ 150,869,191$ 1.000 150,869,191$ 1 4.59% TexPool LGIP AAAm 4.30%10/01/25 09/30/25 77,701,256 77,701,256 1.000 77,701,256 1 4.30% SouthState CD 4.00%09/29/26 09/29/25 5,000,000 5,000,000 100.00 5,000,000 364 4.07% 233,570,447$ 233,570,447$ 233,570,447$ 9 4.48% (1)(2) (2) Weighted average yield to maturity - The weighted average yield to maturity is based on adjusted book value, realized and unrealized gains/losses and investment advisory fees are not considered. The yield for the reporting month is used for pool and bank account investments. (1) Weighted average life - For purposes of calculating weighted average life, pool and bank account investments are assumed to have a one day maturity. City of Anna Valley View Consulting, L.L.C.4 Bank DDA/MMA 65% Pools 33%Securities/CDs 2% Portfolio Composition $0 $50 $100 $150 $200 $250 Total Portfolio (Millions) 0.00 1.00 2.00 3.00 4.00 5.00 6.00 Pe r c e n t a g e Total Portfolio Performance TexPool Weighted Average Yield $0 $25 $50 $75 $100 $125 $150 $175 $200 $225 $250 Distribution by Maturity Range (Millions) City of Anna Valley View Consulting, L.L.C.5 Issuer/Description Yield Maturity Date Book Value 06/30/25 Increases Decreases Book Value 09/30/25 Market Value 06/30/25 Change in Market Value Market Value 09/30/25 SouthState MMA 4.59%10/01/25 88,453,192$ 62,415,998$ –$ 150,869,191$ 88,453,192$ 62,415,998$ 150,869,191$ TexPool LGIP 4.30%10/01/25 86,318,225 – (8,616,969) 77,701,256 86,318,225 (8,616,969) 77,701,256 SouthState CD 5.25%09/04/25 970,939 – (970,939) – 970,939 (970,939) – SouthState CD 5.00%09/13/25 5,181,742 – (5,181,742) – 5,181,742 (5,181,742) – SouthState CD 4.07%09/29/26 – 5,000,000 – 5,000,000 – 5,000,000 5,000,000 TOTAL / AVERAGE 4.48%180,924,099$ 67,415,998$ (14,769,650)$ 233,570,447$ 180,924,099$ 52,646,348$ 233,570,447$ Book & Market Value Comparison City of Anna Valley View Consulting, L.L.C.6 Allocation September 30, 2025 Book & Market Value Total General Fund Fund - General Funds Water/Sewer Bond Funds APFC PFC/HFC EDC CDC Independent Financial Bank MMA 150,869,191$ 113,651,723$ 580,221$ –$ 15,138,970$ 93,018$ 4,920,059$ 7,486,248$ 8,998,953$ TexPool LGIP 77,701,256 32,093,566 – 39,836,380 – – – – 5,771,310 – 9/29/2026–SouthState CD 5,000,000 – – – 5,000,000 – – – – Totals 233,570,447$ 145,745,289$ 580,221$ 39,836,380$ 20,138,970$ 93,018$ 4,920,059$ 7,486,248$ 14,770,263$ City of Anna Valley View Consulting, L.L.C.7 Allocation June 30, 2025 Book & Market Value Total General Fund Fund - General Funds Water/Sewer Bond Funds APFC PFC/HFC EDC CDC Independent Financial Bank MMA 88,453,192$ 41,654,791$ 2,561,901$ –$ 23,870,048$ 91,672$ 4,738,178$ 7,112,346$ 8,424,257$ TexPool LGIP 86,318,225 31,749,009 – 48,859,867 – – – – 5,709,349 09/04/25–SouthState CD 970,939 – – – 970,939 – – – – 09/13/25–SouthState CD 5,181,742 – – – 5,181,742 – – – – Totals 180,924,099$ 73,403,800$ 2,561,901$ 48,859,867$ 30,022,729$ 91,672$ 4,738,178$ 7,112,346$ 14,133,606$ City of Anna Valley View Consulting, L.L.C.8 Item No. 6.e. City Council Agenda Staff Report Meeting Date: 12/9/2025 Staff Contact: Terri Doby AGENDA ITEM: Approve an Ordinance granting to Oncor Electric Delivery Company LLC, its successors and assigns, an electric power franchise to use the present and future streets, alleys, highways, public utility easements, and public rights-of-way of the City of Anna, Texas. (Director of Finance Terri Doby) SUMMARY: Attached is a proposed electric franchise renewal with Oncor Electric Delivery. The proposed franchise has been prepared utilizing standard franchise language and reviewed by our city attorney. The franchise proposes a term of 20 years and expires on December 31, 2045. FINANCIAL IMPACT: The attached franchise incorporates existing payment provisions as contained in the current franchise and franchise amendments. BACKGROUND: The attached franchise is a renewal of the agreement passed in December 2008 for the period January 1, 2009 through December 31, 2023. STRATEGIC CONNECTIONS: This item supports the City of Anna Strategic Plan, specifically advancing the strategic outcome area: Excellent. ATTACHMENTS: 1. Proposed Electric Franchise City of Anna ____________________________________________________ Anna Electric Franchise ORDINANCE NO. ______________ : SECTION 1. GRANT OF AUTHORITY: That there is hereby granted to Oncor Electric Delivery Company LLC, its successors and assigns (herein called “Company”), the right, privilege and franchise to construct, extend, maintain and operate in, along, under and across the present and future streets, alleys, highways, easements held by the City to which the City holds the property rights in regard to use for utilities, public ways and other public property (“Public Rights- of-Way” or “Rights-of-Way”) of the City of Anna, Texas (herein called "City") electric power lines, with all necessary or desirable appurtenances (including underground conduits, poles, towers, wires, transmission lines, telephone and communication lines, and other structures for Company’s own use), (herein called “Facilities”) for the purpose of delivering electricity to the City, the inhabitants thereof, and persons, firms and corporations beyond the corporate limits thereof, for the term set out in Section 13. SECTION 2. Poles, towers and other structures shall be so erected as not to unreasonably interfere with traffic over streets, alleys and highways. The location of electric power lines and appurtenances in the public right-of-way as stated above shall be subject to the approval of the City or an authorized agent designated by the City. This approval will be obtained through the City’s permitting process (if required by City Ordinance), provided however, said approval shall not be unreasonably withheld. Oncor shall promptly clean up and restore to approximate original condition all easements, thoroughfares, and other surfaces which it may disturb. SECTION 3. The City reserves the right to lay, and permit to be laid, storm, sewer, gas, water, ____________________________________________________ Anna Electric Franchise wastewater and other pipe lines, cables, and conduits, or other improvements and to do and permit to be done any underground or overhead work that may be necessary or proper in, across, along, over, or under Public Rights-of-Way occupied by Company. The City also reserves the right to change in any manner any curb, sidewalk, highway, alley, public way, street, utility lines (or in the case of utility line owned by Company, to require that change by Company), storm sewers, drainage basins, drainage ditches, and the like. City shall provide Company with at least thirty (30) days’ notice when requesting Company to relocate facilities and shall specify a new location for such facilities along the Public Rights-of-Way. Company shall, except in cases of emergency conditions or work incidental in nature, obtain a permit, if required by City ordinance, prior to performing work in the Public Rights-of-Way, except in no instance shall Company be required to pay fees or bonds related to its use of the Public Rights-of-Way, despite the City’s enactment of any ordinance providing the contrary. Company shall construct its facilities in conformance with the applicable provisions of the National Electrical Safety Code. City-requested relocations of Company facilities in the Public Rights-of-Way shall be at the Company’s expense; provided however, if the City is the end use Retail Customer (customer who purchases electric power or energy and ultimately consumes it) requesting the removal or relocation of Company Facilities for its own benefit, or the City’s project requiring the relocation is solely aesthetic/beautification in nature, it will be at the total expense of the City. Provided further, if the relocation request includes, or is for, the Company to relocate above-ground facilities to an underground location, City shall be fully responsible for the additional cost of placing the facilities underground. ____________________________________________________ Anna Electric Franchise Company for all removal or relocation expenses if Company agrees to the removal or relocation of its facilities following abandonment of the Public Rights-of-Way. If the party to whom the Public Rights-of-Way is abandoned requests the Company to remove or relocate its facilities and Company agrees to such removal or relocation, such removal or relocation shall be done within a reasonable time at the expense of the party requesting the removal or relocation. If relocation cannot practically be made to another Public Rights-of-Way, the expense of any right-of-way acquisition shall be considered a relocation expense to be reimbursed by the party requesting the relocation. ____________________________________________________ Anna Electric Franchise B. Automobile liability coverage with a minimum policy limit of one million dollars ($1,000,000) combined single limit each accident. This coverage shall include all owned, hired and non-owned automobiles. C. Workers compensation and employer's liability coverage. Statutory coverage limits for Coverage A and five hundred thousand dollars ($500,000) bodily injury each accident, five hundred thousand dollars ($500,000) each employee bodily injury by disease, and five hundred thousand dollars ($500,000) policy limit bodily injury by disease Coverage B employers' liability are required. Company must provide the City with a waiver of subrogation for worker's compensation claims. D. Company must name the City, which includes all authorities, commissions, divisions and departments, as well as elected and appointed officials, agents, and volunteers, as an additional insured under the coverage required herein, except Worker's Compensation Coverage. The certificate of insurance must state that the City is an additional insured. E. Company will require its contractors and subcontractors to maintain, at their sole cost and expense, a minimum of three million dollars ($3,000,000) each occurrence or each accident general liability and automobile liability throughout the course of work performed. Also, contractors and subcontractors will be required to maintain statutory workers' compensation benefits in accordance with the regulations of the State of Texas or state of jurisdiction as applicable. The minimum limits for employers' liability insurance will be five hundred thousand dollars ($500,000) bodily injury each accident, five hundred thousand dollars ($500,000) each employee bodily injury by disease, five hundred thousand dollars ($500,000) policy limit bodily injury by disease. ____________________________________________________ Anna Electric Franchise The Company will provide proof of its insurance in accordance with this Franchise within 30 days of the effective date of the Franchise and annually thereafter. Company will not be required to furnish separate proof when applying for permits. A. In consideration of the granting of this Franchise, Company shall, at its sole cost and expense, indemnify and hold the City, and its past and present officers, agents and employees harmless against any and all liability arising from suits, actions or claims regarding injury or death to any person or persons, or damages to any property arising out of or occasioned by the intentional and/or negligent acts or omissions of Company or any of its officers, agents, or employees in connection with Company’s construction, maintenance and operation of Company’s Facilities in the City Public Rights-of-Way, including any court costs, reasonable expenses and reasonable defenses thereof. B. This indemnity shall only apply to the extent that the loss, damage, death or injury is attributable to the negligence or wrongful act or omission of the Company or its officers, agents or employees, and does not apply to the extent such loss, damage, death or injury is attributable to the negligence or wrongful act or omission of the City or the City’s officers, agents, or employees or any other person or entity. This provision is not intended to create a cause of action or liability for the benefit of third parties but is solely for the benefit of Company and the City. C. In the event of joint and concurrent negligence or fault of both Company and the City, responsibility and indemnity, if any, shall be apportioned comparatively between the City and Company in accordance with the laws of the state of Texas without, however, waiving any governmental immunity available to the City under Texas law and without waiving any of the defenses of the parties under Texas law. Further, in the event of joint and concurrent negligence or fault of both Company and the City, responsibility for all costs of defense shall be apportioned between the City and Company based upon the comparative fault of each. D. In fulfilling its obligation to defend and indemnify City, Company shall have the right to select defense counsel, subject to City’s approval, which will not be unreasonably withheld. Company shall retain defense counsel within seven (7) business days of City’s written notice that City is invoking its right to ____________________________________________________ Anna Electric Franchise indemnification under this franchise. If Company fails to retain counsel within such time period, City shall have the right to retain defense counsel on its own behalf, and Company shall be liable for all reasonable defense costs incurred by City, except as otherwise provided in section 5.B and 5.C. SECTION 6. This franchise is not exclusive, and nothing herein contained shall be construed so as to prevent the City from granting other like or similar rights, privileges and franchises to any other person, firm, or corporation. Any Franchise granted by the City to any other person, firm, or corporation shall not unreasonably interfere with this Franchise. Company shall not unreasonably interfere with any other Franchise granted by the City. SECTION 7. In consideration of the grant of said right, privilege and franchise by the City and as full payment for the right, privilege and franchise of using and occupying the said Public Rights-of-Way, and in lieu of any and all occupation taxes, assessments, municipal charges, fees, easement taxes, franchise taxes, license, permit and inspection fees or charges, street taxes, bonds, street or alley rentals, and all other taxes, charges, levies, fees and rentals of whatsoever kind and character which the City may impose or hereafter be authorized or empowered to levy and collect, excepting only the usual general or special ad valorem taxes which the City is authorized to levy and impose upon real and personal property, sales and use taxes, and special assessments for public improvements, Company shall pay to the City the following: A. As authorized by Section 33.008(b) of PURA, the original franchise fee factor calculated for the City in 2002 was 0.003289 (the “Base Factor”), multiplied by each kilowatt hour of electricity delivered by Company to each retail customer whose consuming facility’s point of delivery is located within the City’s municipal boundaries for determining franchise payments going forward. Due to a 2006 agreement between Company and City the franchise fee factor was increased to a franchise fee factor of 0.003453 (the “Current Factor”), multiplied by each kilowatt hour of electricity delivered by Company to each retail customer whose consuming facility’s point of delivery is located within the City’s municipal boundaries on an annual basis. ____________________________________________________ Anna Electric Franchise However, consistent with the 2006 agreement, should the Public Utility Commission of Texas at any time disallow Company’s recovery through rates of the higher franchise payments made under the Current Factor as compared to the Base Factor, then the franchise fee factor shall immediately revert to the Base Factor of 0.003289 and all future payments, irrespective of the time period that is covered by the payment, will be made using the Base Factor. 1. The annual payment will be due and payable on or before February 1 of each year throughout the life of this franchise. The payment will be based on each kilowatt hour of electricity delivered by Company to each retail customer whose consuming facility’s point of delivery is located within the City’s municipal boundaries during the preceding twelve month period ended December 31 (January 1 through December 31). The payment will be for the rights and privileges granted hereunder for the twelve calendar month period (January 1 through December 31) the year in which the payment is made. 2. The first payment hereunder shall be due and payable on or before February 1, 2026 and will cover the basis period of January 1, 2025 through December 31, 2025 for the privilege period of January 1, 2025 through December 31, 2025. The final payment under this franchise is due on or before February 1, 2046 and covers the basis period of January 1, 2045 through December 31, 2045 for the privilege period of January 1, 2045 through December 31, 2045; and 3. After the final payment date of February 1, 2046, Company may continue to make additional annual payments in accordance with the above schedule. City acknowledges that such continued payments will correspond to privilege periods that extend beyond the term of this Franchise and that such continued payments will be recognized in any subsequent franchise as full payment for the relevant annual periods. B. A sum equal to four percent (4%) of gross revenues received by Company from services identified as DD1 through DD24 in Section 6.1.2 “Discretionary Service Charges,” in Oncor’s Tariff for Retail Delivery Service (Tariff), effective 1/1/2002, that are for the account and benefit of an end-use retail electric consumer. Company will, upon request by City, provide a cross reference to Discretionary Service Charge numbering changes that are contained in Company’s current approved Tariff. ____________________________________________________ Anna Electric Franchise 1. The franchise fee amounts based on “Discretionary Service Charges” shall be calculated on an annual calendar year basis, i.e. from January 1 through December 31 of each calendar year. 2. The franchise fee amounts that are due based on “Discretionary Service Charges” shall be paid at least once annually on or before April 30 each year based on the total “Discretionary Service Charges”, as set out in Section 7.B., received during the preceding calendar year. The initial Discretionary Service Charge franchise fee amount will be paid on or before April 30, 2026 and will be based on the calendar year January 1 through December 31, 2025 The final Discretionary Service Charge franchise fee amount will be paid on or before April 30, 2046 and will be based on the calendar year of January 1, 2045 through December 31, 2045. 3. Company may file a tariff or tariff amendment(s) to provide for the recovery of the franchise fee on Discretionary Service Charges. 4. City agrees (i) to the extent the City acts as regulatory authority, to adopt and approve that portion of any tariff which provides for 100% recovery of the franchise fee on Discretionary Service Charges; (ii) in the event the City intervenes in any regulatory proceeding before a federal or state agency in which the recovery of the franchise fees on such Discretionary Service Charges is an issue, the City will take an affirmative position supporting the 100% recovery of such franchise fees by Company and; (iii) in the event of an appeal of any such regulatory proceeding in which the City has intervened, the City will take an affirmative position in any such appeals in support of the 100% recovery of such franchise fees by Company. 5. City agrees that it will take no action, nor cause any other person or entity to take any action, to prohibit the recovery of such franchise fees by Company. 6. In the event of a regulatory disallowance of the recovery of the franchise fees on the Discretionary Service Charges, Company will not be required to continue payment of such franchise fees. C. With each payment of compensation required by Section 7.A., Company shall furnish to the City a statement, executed by an authorized officer of Company or designee, providing the total kWh delivered by Company to each retail customer's point of delivery within the City and the amount of payment for the period covered by the payment. ____________________________________________________ Anna Electric Franchise D. With each payment of compensation required by Section 7.B., Company shall furnish to the City a statement, executed by an authorized officer of Company or designee, reflecting the total amount of gross revenues received by Company from services identified in its "Tariff for Retail Delivery Service," Section 6.1.2, "Discretionary Service Charges," Items DD1 through DD24. ____________________________________________________ Anna Electric Franchise the City than under this Franchise Agreement. In the event of an occurrence as described in this subsection 7.H., City shall have the option to: ____________________________________________________ Anna Electric Franchise subsection 7.H., and, effective as of the date of the City's adoption of the inconsistent provision, the terms of the franchise shall revert to those in place prior to the City's exercise of its option under subsection 7.H. The provisions of this subsection 7.H. apply only to the amount of the franchise fee to be paid and do not apply to other franchise fee payment provisions, such as the timing of such payments. The provisions of subsection 7.H. do not apply to differences in the franchise fee factor that result from the application of the methodology set out in PURA Section 33.008(b) or any successor methodology. SECTION 8. Maintenance of Records. Company shall keep complete and accurate books of account and records of its business and operations under and in connection with this Franchise at its principal office for the purpose of determining the amount due to the City under this Franchise. Audit. Pursuant to and for the period specified in Section 33.008(e) of the Texas Utilities Code and upon thirty (30) days prior written notice, the City may conduct an audit or other inquiry of the books and records of the Company to ascertain the correctness of the reports agreed to be filed herein. Access to Records. The Company shall make available to the City during the Company's regular business hours and upon reasonable notice, such personnel and records as the City may, in its reasonable discretion, request in order to complete any audit or inquiry under this Section, and shall make no charge to the City therefore. The Company shall respond to all requests for information from City no later than thirty (30) days after receipt of a request. A. If as the result of any City audit, Company is refunded/credited for an overpayment, or pays the City for an underpayment, of the Franchise Fee, such refund/credit or payment shall be made pursuant to the terms established in Section 7.E. B. If as a result of a subsequent audit, initiated within two years of an audit which resulted in Company making a payment to the City due to an underpayment of the franchise fee of more than 5%, Company makes another payment to the City due to an underpayment of the franchise fee of more than 5%, the City may immediately treat this underpayment as an Uncured Event of Default and exercise the remedies provided for in Section 11. If Company provides confidential or non-public information to the City, Company shall be solely ____________________________________________________ Anna Electric Franchise responsible for identifying such information with markings calculated to bring the City’s attention to the confidential or non-public nature of the information. The City agrees to maintain the confidentiality of any non-public information obtained from Company to the extent allowed by law. City shall not be liable to Company for the release of any information the City is required by law to release. City shall provide notice to Company of any request for release of non-public information prior to releasing the information so as to allow Company adequate time to pursue available remedies for protection. If the City receives a request under the Texas Public Information Act that includes Company's proprietary information, City will notify the Texas Attorney General of the proprietary nature of the document(s). The City also will provide Company with a copy of this notification, and thereafter Company is responsible for establishing that an exception under the Act allows the City to withhold the information. 1. Events of Default. The occurrence, at any time during the term of the Franchise, of any one or more of the following events, shall constitute an Event of Default by Company under this Franchise: ____________________________________________________ Anna Electric Franchise 2. Uncured Events of Default. ____________________________________________________ Anna Electric Franchise Default. In the event that Company does not comply with Subsection 10.2.C. or, if Company does comply with this subsection but the City, after its review of Company defense, nevertheless believes that Company has breached or violated a material provision of the Franchise, the City may declare this an Uncured Event of Default, which shall entitle the City to exercise the remedies provided in Section 11 of this Franchise. Notice of such declaration shall be given to Company at least seven (7) days prior to City’s exercise of any such remedies. SECTION 11. Remedies for Uncured Event of Default. Remedies: In the event that such cure as described in Section 10 is not forthcoming, City shall be entitled to exercise any and all cumulative remedies as allowed by law, regardless of whether not Company has refuted the alleged failure including but not limited to: A. The commencement of an action against Company at law for monetary damages. B. The commencement of an action in equity seeking injunctive relief or the specific performance of any of the provisions that, as a matter of equity, are specifically enforceable. C. The commencement of proceedings to seek revocation of Company's certificate of convenience and necessity to serve any or all of Company's service area located within the City of Anna. D. The termination of this Franchise in accordance with the provisions of Section 12. Remedies Not Exclusive: The rights and remedies of City and Company set forth in this Franchise shall be in addition to, and not in limitation of, any other rights and remedies provided by law or in equity. City and Company understand and intend that such remedies shall be cumulative to the maximum extent permitted by law and the exercise by City of any one or more ____________________________________________________ Anna Electric Franchise of such remedies shall not preclude the exercise by City, at the same or different times, of any other such remedies for the same failure to cure. However, City shall not recover both liquidated damages and actual damages for the same violation, breach, or event of noncompliance. ____________________________________________________ Anna Electric Franchise expiration date and shall be automatically renewed thereafter for like periods until canceled by written notice given not less than sixty (60) days before the expiration of any such renewal period. PASSED AND APPROVED at a regular meeting of the City Council of Anna, Texas, on this the _____ 9th day of December _____________________, 2025. ATTESTED: ____________________________________________________ Anna Electric Franchise City Secretary Carrie Land Mayor Pete Cain Item No. 6.f. City Council Agenda Staff Report Meeting Date: 12/9/2025 Staff Contact: Natasha Roach AGENDA ITEM: Approve a Resolution to approve a Joinder and Amendment to the Economic Development Incentive Agreement between Anna Economic Development Corporation, Foursquare Healthcare, LTD., and Anna RE Development, LLC. (Assistant Director of Economic Development Natasha Roach) SUMMARY: The Economic Incentive Agreement between Foursquare Healthcare, Ltd and Anna Economic Development Corporation was approved on October 2, 2025. Shortly after that, the developer created a separate entity under the parent company to purchase the land. That new entity is Anna RE Development, LLC. ("New Owner") Now, the EDC and Foursquare Healthcare wish to add Anna RE Development, LLC ("New Owner") as a party to that development. The Joinder Agreement hereby acknowledges that all parties agree as follows: • Joinder and Assumption. New Owner hereby joins in, assumes, and agrees to be bound by all of the terms and conditions of the Agreement, as amended, and shall be jointly and severally liable, along with Foursquare, for all obligations thereunder. • Acknowledgment of Agreement Obligation. The EDC and Foursquare hereby acknowledge, accept, and agree to the joinder of New Owner, and hereby confirm, agree and accept this Joinder and Amendment and all provisions hereof. • Representations and Warranties. New Owner represents and warrants to EDC and Foursquare that: a. It has full legal power and authority to execute and deliver this Joinder and Amendment; b. This Joinder and Amendment has been duly authorized and executed; and c. This Joinder and Amendment constitutes a valid and binding obligation enforceable against it. • Amendment. The Agreement incorrectly states that the Development Agreement was effective September 23, 2025. The Agreement is hereby amended to state that the Development Agreement was effective September 12, 2025. FINANCIAL IMPACT: This item has no financial impact. BACKGROUND: The EDC Board of Directors approved a Resolution at the CDC/EDC Joint Board Meeting that was held November 13, 2025, approving a Joinder and Amendment to the Economic Development Incentive Agreement. STRATEGIC CONNECTIONS: This item supports the City of Anna Strategic Plan, specifically advancing the strategic outcome area: Vibrant. ATTACHMENTS: 1. Council Resolution - Joinder & Amendment to EDC Incentive Agreement with Foursquare Healthcare 2. Exhibit 1 - Joinder Agreement to the Incentive Agreement-Final CITY OF ANNA, TEXAS the Anna Economic Development Corporation (the “EDC”) has approved a Joinder and Amendment to an Economic Development Incentive Agreement with Anna RE Development, LLC., (the “Owner”), a copy of which is attached as Exhibit 1 (the “Incentive Agreement”); and , the Anna Economic Development Corporation (the “EDC”) and Foursquare Healthcare, LTD. (“Foursquare”) are parties to that certain Economic Development Incentive Agreement made and entered into as of August 2, 2025 (the “Incentive Agreement”); and , Anna RE Development, LLC is the owner of a tract of real property that is the subject of the Incentive Agreement; and , the EDC, and Foursquare wish to add Anna RE Development, LLC to the Incentive Agreement and to include Anna RE Development, LLC as a party under, pursuant to, and in accordance with all of the terms and provisions of the Incentive Agreement that was entered into and approved under EDC Resolution No. 2025-10-14, (the “Incentive Agreement”); and , the City Council of the City of Anna, Texas desires to approve adding Anna RE Development, LLC as a party to the Incentive Agreement Recitals Incorporated The recitals set forth above are incorporated herein for all purposes as if set forth in full. Approval of EDC’s Joinder Incentive Agreement The City Council of the City of Anna, Texas hereby approves of the EDC entering into a Joinder and Amendment to the Incentive Agreement attached hereto as Exhibit 1; provided, however, it be understood that that the City of Anna is not a party to the Incentive Agreement. PASSED AND APPROVED by the City Council of the City of Anna, Texas on this ______, day of _____________ 2025. JOINDER AND AMENDMENT TO ECONOMIC DEVELOPMENT INCENTIVE AGREEMENT This JOINDER AND AMENDMENT TO ECONOMIC DEVELOPMENT INCENTIVE AGREEMENT (this “Joinder and Amendment”), is entered effective as of November 6, 2025 by and among Anna Economic Development Corporation (the “EDC”), Foursquare Healthcare, Ltd., a Texas limited partnership ( “Foursquare”) and Anna RE Development, LLC, a Texas limited liability company ( “New Owner”). WITNESSETH THAT: WHEREAS, EDC and Foursquare had previously entered into that certain Economic Development Incentive Agreement dated as of October 2, 2025 (the “Agreement”); WHEREAS, City of Anna, Texas, a Texas home-rule municipality (the “City”) and Foursquare entered into that certain Development Agreement effective as of September 12, 2025 (the “Development Agreement”), a copy of which is attached as Exhibit 1 of the Agreement; WHEREAS, New Owner is the owner of a tract of real property described in Exhibit A and depicted on Exhibit B (the “Property”) of the Development Agreement; and WHEREAS, EDC and Foursquare wish to add New Owner to the Agreement and to include New Owner as a party under, pursuant to, and in accordance with all of the terms and provisions of the Agreement including but not limited the amendment set forth in this. NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 1. Joinder and Assumption. New Owner hereby joins in, assumes, and agrees to be bound by all of the terms and conditions of the Agreement, as amended, and shall be jointly and severally liable, along with Foursquare, for all obligations thereunder. 2. Acknowledgment of Agreement Obligation. The EDC and Foursquare hereby acknowledge, accept, and agree to the joinder of New Owner, and hereby confirm, agree and accept this Joinder and Amendment and all provisions hereof. 3. Representations and Warranties. New Owner represents and warrants to EDC and Foursquare that: a. It has full legal power and authority to execute and deliver this Joinder and Amendment; b. This Joinder and Amendment has been duly authorized and executed; and c. This Joinder and Amendment constitutes a valid and binding obligation enforceable against it. 4. Amendment. The Agreement incorrectly states that the Development Agreement was effective September 23, 2025. The Agreement is hereby amended to state that the Development Agreement was effective September 12, 2025. 5. No Waiver. Nothing in this Joinder and Amendment shall be construed as a release or waiver of any obligations of Foursquare under the Agreement. 6. Governing Law. This Joinder and Amendment shall be governed by the laws of the State of Texas. [Signatures on following page] IN WITNESS WHEREOF, the undersigned have executed this Joinder and Amendment as of the date set forth above. EDC: ANNA ECONOMIC DEVELOPMENT CORPORATION By: _________________________ Bruce Norwood, President IN WITNESS WHEREOF: STATE OF TEXAS § § COUNTY OF COLLIN § Before me, the undersigned notary public, on the 13th day of November 2025, appeared Bruce Norwood, known to me (or proved to me) to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he executed the same in his capacity as President of Anna Economic Development Corporation. _______________________________ Notary Public, State of Texas Item No. 6.g. City Council Agenda Staff Report Meeting Date: 12/9/2025 Staff Contact: Kevin Bates AGENDA ITEM: Approve a Resolution authorizing the Acting City Manager to execute a professional service agreement with Kimley-Horn for Water, Wastewater and Roadway Master Plan Updates and XAK-PACK Pump Testing. (City Engineer Kevin Bates, P.E.) SUMMARY: This item is to approve the execution of a professional service agreement with Kimley- Horn to assist staff in developing updated Water, Wastewater, Roadway Master plans, complete Pump Station Testing, and Well Testing. FINANCIAL IMPACT: Funding for this agreement is available in FY2026 Utility and General Infrastructure Funds in the amount of $207,000. BACKGROUND: As the City of Anna reached the end of their last 5-year CIP cycle and with the growth we have experienced in the same period, staff are needing assistance to investigate our master plans as well as other items listed above. This update will provide staff with a better understanding of our current demands as well as future needs. This will also then be used to update our CIP and later update our impact fees. STRATEGIC CONNECTIONS: This item supports the City of Anna Strategic Plan, specifically advancing the strategic outcome area: Resilient. ATTACHMENTS: 1. Resolution - Authorizing City Manager to Execute an Agreement for Professional Services with KH 2. 2025-09-29_WMP XakPack_KH Signed 3. 064512930- PSPO - KH Signed 4. Form 1295 Certificate 101461265 CITY OF ANNA, TEXAS RESOLUTION NO. _______________ A RESOLUTION OF THE CITY OF ANNA, TEXAS AUTHORIZING THE CITY MANAGER TO EXECUTE AN AGREEMENT FOR PROFESSIONAL SERVICES WITH KIMLEY-HORN ENGINEERING FOR THE WATER, WASTEWATER, ROADWAY MASTER PLAN UPDATE AND XAK-PACK PUMP TESTING, IN THE AMOUNT NOT TO EXCEED TWO HUNDRED SEVEN THOUSAND DOLLARS AND ZERO CENTS ($207,000.00) AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City of Anna seeks to study our Water, Wastewater and Roadway Master Plans and complete well testing; and, WHEREAS, the study will identify the specific infrastructure improvements required for Anna’s continued growth. The findings will be used in the development of the 5 year CIP and updated impact fees; and, WHEREAS, Kimley-Horn (KH) is a highly qualified engineering firm with a long history of involvement in the planning and design of Anna’s water, wastewater and roadway master plans, as well as our water system. The City of Anna selected WSB to perform these services in the multidisciplinary RFQ process it completed in 2021. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS, THAT: Recitals Incorporated The recitals above are incorporated herein as if set forth in full for all purposes. Authorization of Payment and Funding. The City Council of the City of Anna, Texas, authorizes the City Manager to execute an agreement for professional services with KH in the amount of $207,000, for the Water, Wastewater, Roadway Master Plan update, and XAK-PAK Pump testing on behalf of the City of Anna, Texas. The funding for this project shall come from the FY2026 Utility and General Infrastructure funds. PASSED AND APPROVED by the City Council of the City of Anna, Texas on this ___ day of December 2025. ATTEST: APPROVED: __________________________ __________________________ City Secretary, Carrie Land Mayor, Pete Cain Exhibits (following Page) INDIVIDUAL PROJECT ORDER NUMBER 064512930 Describing a specific agreement between Kimley-Horn and Associates, Inc. (the Consultant), and the City of Anna (the Client) in accordance with the terms of the Master Agreement for Continuing Professional Services dated July 27th, 2021, which is incorporated herein by reference. Identification of Project: Project Name: Water Master Plan Update and XAK-PACK Pump Testing KH Project Manager: Riley Dunn, P.E. Project Number: 064512930 Specific Scope of Basic Services: Project Understanding: Kimley-Horn and the City of Anna last updated their Water Master Plan in 2022, since then The City of Anna has experienced significant population growth and completed an update to their comprehensive plan in 2025. This project will update the City’s water master plan to incorporate new development in the City over the last 3 years and changes in future land use and update the capital improvement project list accordingly. To be able to better understand the performance of exiting pumps and water wells in the system, Kimley-Horn will utilize XAK-PACK pump testing. Pump stations anticipated to be tested are Powell, West Crossing, Sherley, and Collin. The pump data will be utilized to provide recommendations on improvements to the existing pump stations, evaluate groundwater supply, and calibrate the City of Anna water model. The eight (8) City of Anna Wells will be tested using the XAK-PACK pump testing methodology as well as provide a general condition assessment. This data will be used to create a condition matrix of the existing wells and provide recommendations for improvements in the 10-year water CIP Plan. The City of Anna has also requested that Kimley-Horn update the City’s water, wastewater, and roadway 10-year capital improvement plan (CIP) maps, opinion of probable construction cost, and project descriptions. Task 1 – Water Master Plan Update 1.Data Collection The City will assist Kimley-Horn in obtaining updated record information regarding the following: a. Historic Demands (peak day, yearly average, winter low, etc.) b. Service Connections – The City will provide total number of service connections on December 31 for the last five (3) years, including subtotals for residential, commercial and industrial connections for the past year, if available. c. Metering Records – The City will provide a list of all large water users, their locations and metering records for the past year, including local industries, restaurants, schools, hospitals and other businesses. d. Wholesale water supply capacity and applicable contracts e. As-Built drawings for new developments. f. Water Mains in need of replacement due to poor condition / age based on history of main breaks / repairs 2.Analysis The existing WaterCAD hydraulic water model for the City will be updated. Pipes for new subdivisions will be added to the model as necessary. Kimley-Horn will use this model to identify infrastructure improvements required to accommodate existing deficiencies and growth for the existing, 10-year, and buildout conditions. a. Existing System Analysis i. Land Use Assumptions – Kimley-Horn will incorporate land use assumptions from the current Comprehensive Plan. ii. Design Criteria - Kimley-Horn will develop design criteria to base the analysis upon including but not limited to: · Minimum and maximum pressures, · Minimum and maximum pipe velocities, · Elevated storage, · Ground storage, · Pumping, · Fire Flow, · Texas Commission on Environmental Quality (TCEQ) criteria. iii. Existing Water Demands – Kimley-Horn will utilize the City’s existing water usage data to calculate the City’s existing and historical water demands. Tasks will include: · Historical and current average day, maximum day, and peak hour water demand, · Historical and current average day water demand per acre by each unique land use type, · Representative maximum day water diurnal demand curve. iv. Water System Model – Kimley-Horn will update the City’s water system model to represent the existing water system and existing water system demands. The model will utilize existing infrastructure information, system operational parameters, and available customer demand information. This will include: · Evaluation of system connectivity. · Confirmation of pipe and node parameters, such as pipe size, roughness factor, and node elevation. · Add recent system improvements. · Confirmation of system operational parameters and controls. · Evaluation of the distribution of existing demands. 3.Capital Improvement Plan a. Water System Analysis and Infrastructure Sizing – Kimley-Horn will utilize the water system model prepared with this task to determine existing infrastructure that does not meet the design criteria and to size infrastructure to serve future growth. This will include: i. Identification of infrastructure needed to alleviate existing system deficiencies. ii. Utilization of future land use and population projections from recent comprehensive plan update to prepare projected demand distributions and incorporate into the model. iii. Execution of the model to identify infrastructure improvements necessary to meet future demands. iv. Execution of fire flow simulations to identify infrastructure improvements necessary to meet fire flow requirements. v. The following components will be evaluated and sized. a. Elevated Storage b. Water Lines c. Ground Storage d. Pump Stations e. Control Valves f. Supply capacity b. Capital Improvement Plan – Kimley-Horn will develop a water Capital Improvement Plan that identifies projects to be constructed. This will Include: i. Development of capital improvements project list ii. Development of opinions of probable construction cost for each project 4.Water Master Plan Report Kimley-Horn will prepare a Water Master Plan report summarizing the findings of the analysis and the recommendations. a. Prepare draft report for review and comment by City. b. Prepare final report based on City comments. c. The report is anticipated to include the following: i. Executive summary ii. Introduction iii. Description of existing infrastructure iv. Design criteria and modeling methodology v. Existing water system deficiencies vi. Future land use and water demand projections vii. Analysis and recommendations viii. Capital improvements plan · Opinion of probable construction cost · Project description ix. Maps · Existing land use map · Ultimate land use map · Existing system infrastructure map · Capital Improvement Plan map Task 2: Minor Thoroughfare Plan Review & 10- Year Roadway CIP 1.Alignment and Cross Section Considerations. Kimley-Horn will analyze specific alignment alternatives at a conceptual level. Based on development information and priorities provided by the City, Kimley-Horn will evaluate alternative alignments of thoroughfares. Kimley-Horn will evaluate the current classifications of the thoroughfare realignments at a conceptual level and work with the City to determine reclassification of roadways with respect to area context and roadway improvements since the previous Master Thoroughfare Plan update as needed. This task anticipates reviewing the alignment and classifications of up to five (5) Master Thoroughfare Plan roadways (new and/or existing). No roadway design or survey services are included in this scope of services. 2.Master Thoroughfare Plan Review. Kimley-Horn will review the currently adopted roadway Master Thoroughfare Plan (MTP) to incorporate elements from Task 2.1 and verify if other modifications are needed prior to formulating the Roadway Impact Fee Capital Improvement Plan. Further modifications will be provided with the recommendations from City staff. The adoption of an updated Master Thoroughfare Plan is anticipated to be concurrent with or prior to the Roadway Impact Fee Study Update. This task accounts for up to two (2) meetings with City staff. 3.Roadway Capital Improvements Plan. Kimley-Horn will assist the City in developing a Roadway Capital Improvements Plan which will include cost projections for anticipated projects included in the study. The Roadway Impact Fee Capital Improvements Plan will include proposed facilities designed to serve future development. The Roadway Capital Improvements Plan will include a general description of the project and a project cost projection. Planning level cost projections for the projects will be prepared based on discussion with local roadway construction contractors, City staff, and previous experience with roadway construction costs. This task accounts for up to two (2) meetings with City staff. Task 3 – XAK-PACK Pump Station Testing 1.Pump Analysis Kimley-Horn will perform pump testing and analysis for two (2) pumps at West Crossing Pump Station, two (2) pumps at Powell Pump Station, and two (2) pumps at Sherley Pump Station. Kimley-Horn will perform pump testing and analysis only for one (1) 1,000 gpm pump at the Collin Pump Station. Kimley-Horn is anticipating testing a total of seven (7) pumps. 2.Pre-Evaluation Summary a. Consultant will attend a site visit to each site to understand existing conditions to develop a testing game plan and to note any existing issues. b. Consultant will provide a summary of work that needs to be completed by the City prior to testing being conducted. Work is expected to include, but not limited to, installation of tap assemblies, functional testing of isolation valves, providing SCADA data, providing applicable pump curves and record drawings, provide well reports, provide maintenance logs, and City staff coordination to complete well evaluations. Consultant will not be able to begin final evaluation until all items detailed in this summary are completed. 3.Pump Testing a. Consultant will conduct pump performance tests for each pump identified to be tested. Pump performance tests will inlcude flow, discharge head, suction head, NPSHa, surge data, rotational speed, vibrations, motor temperature, input voltage, input current, and input power factor measuremetns where possible. Power measurements will only be possible for 600 volt and below. Perform the following tests for each operational pump: i. Perform two (2) single-point hydraulic tests with a single pump in operation at full speed full open (FSFO). ii. Perform one (1) multi-point hydraulic test with a single pump in operation with a throttled downstream valve conditoin for each pump. iii. Perform three (3) single-point hydraulic tests with a single pump in operation and varying speeds utilizing the VFDs. iv. Perform a total of six (6) test points for each pump. v. Perform two (2) single-point hydraulic tests with multiple pumps in operation for each station. 4.Pump Performance Reports c. Consultant will provide an engineering report summarizing the data collection process, findings, criticality, and recommendations for each pump. The Engineering Report will contain the following: i. General Information Including site information, pump curves/data sheets, location, photos, test information, etc. ii. Pump Performance Information - Including pump output (GPM), total dynamic head, current (Amps), voltage, input horsepower, output horsepower, wire-to- water efficiency, and comparisons to key performance indicators. iii. Condition Assessment – A tabulation of the major components, their condition ranking, and descriptions of any defects observed. Identify pumps with the potential for failure. Component categories to include: 1. Civil 2. Structural 3. Mechanical 4. Electrical 5. Instrumentation iv. Recommendations – A list of recommendations for improvements at the pump station. d. Reports to be included in the Water Master Plan update described in Task 1 as an Appendix. Task 4 – Well Testing and Condition Matrix 5.Well Assessment e. Consultant will evaluate eight (8) existing groudwater wells in the system to determine performance and condition i. Review available records including: 1. Original well completion reports, construction and lithologic logs 2. Historical pumping and performance data 3. Maintenance and rehabilitation records 4. Static and pumping water level trends 5. Water quality data ii. Evaluate trends in specific capacity iii. Perform site visits to identify gaps and prepare a detailed field-testing plan f. Consultant will conduct on-site field testing and Xak-Pack testing i. Measure static and dynamic water levels under controlled pumping conditions ii. Measure discharge rate using a calibrated flow meter iii. Conduct a step-drawdown test iv. Observe drawdown and recovery responses using a pressure transducer and logger v. Collect water quality samples 6.Well Assessment Report a. Consultant will provide a report summarizing data collection process, findings, identify likely causes of reduced yield or efficiency and provide recommendations for rehabilitation, repair, or replacement. b. Analyze step-drawdown and recovery data to determine: i. Current specific capacity ii. Well efficiency iii. Estimated transmissivity of the aquifer c. Compare current performance to historical benchmarks d. Evaluate potential causes of underperformance and develop recommendations for: i. Downhole video inspection to evaluate screen condition, biofouling or encrustation ii. Well cleaning or redevelopment methods iii. Post-rehabilitation testing iv. Well replacement e. Reports to be included in the Water Master Plan update as an Appendix. f. Develop a condition/criticality matrix for all eight (8) wells evaluated and include in the Water Master Plan update as an Appendix. XAK-PACK Evaluation Assumptions · Accessibility and Operation - The pump stations and components are assumed to be readily accessible without special equipment or delay. It is also assumed that each site is safe to work in for extended periods of time. Confined space entry is understood to not be required for this project. If sites or equipment are determined by Consultant to be inaccessible, inoperable, impractical to test, unsafe or appear to be likely to fail under operation, Consultant will notify the City and possibly abort the evaluation. Time and expenses incurred related to aborted evaluations will be billed according to Consultant’s current hourly rates. · Attendees - Any persons on site during evaluations are confined space trained, CPR certified, electrical, and arc flash trained. Confined space entry is understood to not be required for this project. · Inflow - It is assumed that the site has sufficient water volume stored for the necessary number of pump tests during the test period. If volume stored is insufficient, as much data as possible will be collected during the test. In general test results will be more consistent and accurate if volume storage is steady. · Voltage - Electrical tests will not be conducted on system voltages greater than 600 Volts (nominal) or where motor leads are inaccessible or unsafe to access. Motor leads are assumed to be accessible and are terminated at the control panel. Operable hand controls are assumed available for each pump. · Working Hours - Consultant assumes that City operations staff will be available to assist with testing at a minimum from the hours of 8:00 am to 5:00 pm Monday-Friday. Additional City Responsibilities A. Consultant shall be entitled to rely on the completeness and accuracy of all information provided by City or City’s consultants or representatives. City shall provide all information requested by the Consultant during the project, including but not limited to the following: o Provide one operator familiar with the site, electrical system, pumps, controls, operation, equipment, and trained in confined space. o Installation or modification of equipment as detailed in Pre- Evaluation Summary. o Install and confirm operation of flow meters and pressure taps as requested by the Consultant prior to performance evaluations as described in the Pre-Evaluation Summary. Confirm National Pipe Thread (NPT) pressure taps are available for pressure transducer connections. o Operate breakers, valves, pumps and other equipment and assist with performance evaluations. o Provide the pump curves for each pump to be tested. o Provide record drawings of water pump station. o Provide previous studies of water pump station. o Provide access to the site and all panels, hatches, vaults and equipment. o Review and provide site specific safety concerns. o Perform functional testing of all valves, pumps, and taps prior to pump evaluations as detailed in Pre-Evaluation Summary. o Confirm station is fully operational and ready for testing. o Coordinate and obtain data from SCADA system operator. Task 5 – Wastewater 10- Year CIP Updates Kimley-Horn will assist the City of Anna in updating the 10-year wastewater capital improvements plan map, opinions of probable construction cost (OPCC), and project list as requested by City Staff. The previous CIP Maps, OPCC, and project lists were provided in October of 2025. Additional Services if required: Any services not specifically provided for in the above scope will be billed as additional services and performed at Kimley-Horn’s then current hourly rate. Additional services Kimley-Horn can provide include, but are not limited to the following: a. Survey services b. Geotechnical services c. Preparing applications and supporting documentation for government grants, loans, or planning advances, and providing data for detailed applications. d. Any service not listed in the scope of services Schedule: The Consultant will provide the services listed in the Scope of Services within a reasonable length of time as mutually agreed to by both the Client and the Consultant. Terms of Compensation: For the services set forth above, the Client shall pay the Consultant the following compensation: Task 1: Water Master Plan Update $62,000 Lump Sum Task 2: Minor Thoroughfare Plan Review & 10-Year Roadway CIP $25,000 Lump Sum Task 3: Pump Station Testing $45,000 Lump Sum Task 4: Well Testing and Condition Matrix $65,000 Hourly Task 5: Wastewater 10-Year CIP Updates $10,000 Hourly Subtotal (Not to Exceed)$207,000 ACCEPTED: CITY OF ANNA KIMLEY-HORN AND ASSOCIATES, INC. BY:BY: TITLE:TITLE: DATE:DATE: Associate 10/28/2025 Master PSA July 27, 2021-2026 Professional Service Project Order Agreement Pursuant to and subject to the referenced Master Agreement for Professional Services (”Master PSA”)), between the City and Firm, the City hereby requests that the Firm perform, and the Firm agrees to perform, the work described below upon the terms and conditions set forth in said Master PSA, which are incorporated herein by reference for all purposes, and in this “Professional Service Project Order” (PSPO). MASTER PSA CATEGORY:Land Planing and Zoning____ ANNA PROJECT CODE:______________________ FIRM NAME Kimely-Horn Project Name:Water, Wastewater and Roadway Master Plan and XAK-PACK Testing Consultant Project #:064512930 # Of Consecutive Business Days to Complete Project:240 Original Project Fee:$207,000 OWNER OPTIONAL INFORMATION: 1.Date and Time to Commence:Upon Receipt of Signed Professional Services Project Order, City’s purchase order and, Notice to Proceed 2.Other:Architectural Barrier Requirements: Yes ___ No X INVOICE SUBMITTAL Billing Period: Monthly-Through the end of each month, billed by the 10th of the following month. Invoice Mailing Instructions: Email to: City of Anna Accounts Payable:accountspayable@annatexas.gov Attn: Joanna Golleher:jgolleher@annatexas.gov 120 W. 7th St. Anna, TX 75409 Include work order number, PO number, billing period, and project name. Master PSA July 27, 2021-2026 Documents: The “PSPO DOCUMENTS,” as that term is used herein, shall mean and include the following documents, and expressly incorporates the following by reference for all purposes. a. Master Agreement for Professional Services effective July 27th, 2021_______ This PSPO shall incorporate the terms of all the documents in their entirety. To the extent that there are any conflicts with provisions of the Master PSA, this PSPO or each other, the provisions of the Master PSA, then the provisions of this PSPO shall prevail in that order. Scope of Services (describe in detail):____This item is to approve the execution of a professional service agreement with Kimley-Horn to assist staff in developing updated Water, Wastewater, Roadway Master plans, complete Pump Station Testing, and Well Testing._________________________________________________________________________ ______________________________________________________________________________ Schedule of Work and Completion Deadline(s): Preliminary results and draft report to be submitted 4/6/2026 and final report and results to be submitted 8/4/2026 for a total of 240 days for completion of work outlined in scope of service. Acceptance: The individuals executing this Agreement on behalf of the respective parties below represent to each other that all appropriate and necessary action has been taken to authorize the individual who is executing this Agreement to do so for and on behalf of the party for which his or her signature appears, that there are no other parties or entities required to execute this Agreement in order for the same to be an authorized and binding agreement on the other party for whom the individual is signing this Agreement and that each individual affixing his or her signature hereto is authorized to do so, and such authorization is valid and effective on the date hereof. CITY OF ANNA, TEXAS FIRM: Signature Signature Marc Marchand - Acting City Manager_ ___ Stuart Williams – Associate Printed Name & Title Printed Name & Title 11/25/2025 Date Date Controlling Name of Interested Party4 Nature of interest City, State, Country (place of business) Intermediary (check applicable) CERTIFICATE OF INTERESTED PARTIES 1295FORM 1 of 1 1 OFFICE USE ONLY 2 11/25/2025 Complete Nos. 1 - 4 and 6 if there are interested parties. Complete Nos. 1, 2, 3, 5, and 6 if there are no interested parties. Name of business entity filing form, and the city, state and country of the business entity's place of business. Kimley-Horn and Associates, Inc. Dallas, TX United States Name of governmental entity or state agency that is a party to the contract for which the form is being filed. Provide the identification number used by the governmental entity or state agency to track or identify the contract, and provide a description of the services, goods, or other property to be provided under the contract. 3 City of Anna Water, Wastewater and Roadway Master Planning and XAK-PACK Testing 112525 2025-1393435 Date Filed: Date Acknowledged: Certificate Number: CERTIFICATION OF FILING Flanagan, Tammy XDallas, TX United States McEntee, David XDallas, TX United States Keil, Ashley XDallas, TX United States Mutti, Brent XDallas, TX United States 6 Signature of authorized agent of contracting business entity My name is _______________________________________________________________, UNSWORN DECLARATION Check only if there is NO Interested Party.5 My address is _______________________________________________, _______________________, and my date of birth is _______________________. Executed in ________________________________________County, I declare under penalty of perjury that the foregoing is true and correct. (state) (zip code) (country) (year)(month) _______, ______________, _________. State of ________________, on the _____day of ___________, 20_____. (city) (Declarant) Version V4.1.0.f10d0fd8www.ethics.state.tx.usForms provided by Texas Ethics Commission Tyler Henrichs 09/28/1990 13455 Noel Road, Two Galleria Tower, Suite 700 Dallas TX 75240 USA Dallas Texas 25th November 25 Item No. 6.h. City Council Agenda Staff Report Meeting Date: 12/9/2025 Staff Contact: Kevin Martin AGENDA ITEM: Approve a Resolution for an extension of the Agreement with Collin County for Animal Control Sheltering. (Director of Neighborhood Services Kevin Martin) SUMMARY: Extension of the Animal Sheltering interlocal agreement with Collin County Animal Sheltering Services. The Extension of the agreement for a one (1) year period, which shall be in effect from October 1, 2025, continuing through and including September 30, 2026, with the option for either party to terminate the contract with ninety (90) days' written notice. FINANCIAL IMPACT: $94,330.00 BACKGROUND: The City of Anna continues to contract with Collin County Animal Services to provide animal control sheltering services. STRATEGIC CONNECTIONS: The item supports the City of Anna Strategic Plan, specifically advancing the strategic outcome area: Safe ATTACHMENTS: 1. Resolution - Animal Control Sheltering 2026 2. FY 2026 Animal Shelter Billing Fees_Updated 10_28_25 3. NEW FY26 Animal Shelter Amendment 20 - City of Anna 4. NEW FY26 Animal Shelter Amendment 20 - City of Anna 5. FY 2026 Animal Shelter Billing Fees_Updated 10_28_25 6. Animal Control_Sheltering 2026 CITY OF ANNA, TEXAS RESOLUTION NO. _____________________ A RESOLUTION OF THE CITY OF ANNA, TEXAS APPROVING EXTENSION OF THE AGREEMENTS WITH COLLIN COUNTY FOR ANIMAL CONTROL SERVICES. WHEREAS, the City Council of the City of Anna, Texas (“City Council”) finds that the agreement with Collin County for use of an Animal Shelter to the citizens of Anna is worthy of continuation; and WHEREAS, the City Council approves Collin County’s amendment to the current Animal Shelter agreement, to include the following fee: NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS THAT: Section 1. Recitals Incorporated. Section 2. Approval and Authorization of Agreement. PASSED AND APPROVED by the City Council of the City of Anna, Texas on this 9th day of December 2025. Population* NCTCOG 2025 Estimate % of Charges FY 2026 Budgeted M&O and Per. FY 2026 Capital Contribution** FY 2026 Total Cost before Adjust. Less FY 2024 Fees Collected Less Adjustments for FY 2024 Budget vs. Actual FY 2026 Total Billed Anna 34,100 4.31%75,346$ 6,033$ 81,379$ 1,330$ (14,280)$ 94,330$ Celina 61,834 7.81%136,626$ 10,940$ 147,566$ 2,411$ (25,894)$ 171,049$ Fairview 11,232 1.42%24,818$ 1,987$ 26,805$ 438$ (4,704)$ 31,071$ Farmersville 4,976 0.63%10,995$ 880$ 11,875$ 194$ (2,084)$ 13,765$ Frisco 235,615 29.78%520,604$ 41,687$ 562,291$ 9,186$ (98,669)$ 651,774$ McKinney 226,181 ***City of McKinney is under a new Animal Shelter ILA (Contract 2025-304)*** Melissa 26,234 3.32%57,965$ 4,642$ 62,607$ 1,023$ (10,986)$ 72,570$ Princeton 43,126 5.45%95,289$ 7,630$ 102,919$ 1,681$ (18,060)$ 119,298$ Prosper 46,087 5.82%101,832$ 8,154$ 109,986$ 1,797$ (19,300)$ 127,489$ Collin County 101,891 12.88%225,134$ 18,028$ 243,161$ 3,973$ (42,669)$ 281,858$ 1,563,203$ Mckinney 226,181 27.84%507,722$ 38,970$ 546,693$ ***City of Mckinney is under new Animal Shelter ILA (Contract 2025-304)*** Total Billed:1,786,487$ FY 2024 Billed:1,305,329$ Smaller Entities:38,120$ FY 2024 Actual:1,505,998$ TOTAL for Original: 1,748,367$ FY 2024 Difference: (200,669)$ Diff w/ Cap Return (331,364)$ FY 2026 Budgeted M&O and Per. FY 2026 Capital Contribution** FY 2026 Total Cost before Adjust. Less FY 2024 Fees Collected Less Adjustments for FY 2024 Budget vs. Actual FY 2026 Total Billed Lavon 3,100$ 3,100$ Lucas 14,970$ 14,970$ Nevada 1,550$ 1,550$ Weston 2,500$ 2,500$ Blue Meadow MUD No. 1 2,000$ 2,000$ North Collin County MUD No. 1 2,000$ 2,000$ Van Alstyne MUD No. 3 2,000$ 2,000$ Magnolia Pointe MUD No. 1 2,000$ 2,000$ Van Alstyne MUD No. 2 2,000$ 2,000$ East Collin MUD No. 1 2,000$ 2,000$ Raintree MUD No. 1 2,000$ 2,000$ LC MUD No. 1 2,000$ 2,000$ TOTAL 38,120$ 38,120$ Grand Total: 1,601,323$ Grand Total is the total billed amount for the larger and smaller entities combined. (This does not include City of McKinney's fee of $546,693) FY 2026 Animal Shelter Billing Worksheet Larger Entities / Original Entities FY 2026 Billing Breakout Adjust for FY 2024 Budget vs. Actual In FY 2024, Capital Expenditures totaled $190,694.85 which exceeds the orginal funds of $60,000 Capital Contribution. No funds will be returned in FY 2026. Smaller Entities / Added Later 1 Office of the Purchasing Agent Collin County Administration Building Contract Modification Document 2300 Bloomdale Rd, Ste 3160 Vendor:Contract No. Contract: Item #1 The agreement will be renewed for a period of one (1) year, beginning October 1, 2025, through and including September 30, 2026, at the rate below. Item #2 TO: FROM: Amendment No. 20 has been accepted and authorized on _________________________ by authority of the Collin County Commissioners Court by Court Order No.______________________, to be effective on October 1, 2025. ACCEPTED BY: SIGNATURE SIGNATURE Michelle Charnoski, NIGP-CPP, CPPB (Print Name)(Print Name) TITLE:TITLE: DATE: DATE: writing signed by both parties. 2 One year Renewal, fees updated, Added Force Majeure Item No. 6.i. City Council Agenda Staff Report Meeting Date: 12/9/2025 Staff Contact: Carrie Land AGENDA ITEM: Approve an Ordinance designating the official newspaper as the Celina Record/Star Local Media for publishing ordinances, notices, or other matters required by law or ordinance. (City Secretary Carrie Land) SUMMARY: Pursuant to Section 11.02 of the City of Anna, Texas Home Rule Charter, the City Council must designate an official newspaper for publishing ordinances, notices, or other matters required by law or ordinance to be published for the City of Anna. To better support and inform the neighbors of Anna, staff is requesting this change. The Celina Record, published by Star Local Media, provides an online platform where all of the City’s notices and publications will be accessible. Beyond required legal postings, this partnership will allow the City to share stories, updates, and news about what’s happening in our community. Neighbors can stay informed by subscribing to the online publication, reading the Celina Record, or following the City’s updates on Facebook, X, and Instagram. FINANCIAL IMPACT: This item has no financial impact. BACKGROUND: The City has used the Herald Democrat as its official newspaper since 2023. Currently, there are no subscribers to the publication within the City of Anna. STRATEGIC CONNECTIONS: This item supports the City of Anna Strategic Plan, specifically advancing the strategic outcome area: Excellent. ATTACHMENTS: 1. Ord Designating the Celina Record as the Official Newpaper for the City of Anna CITY OF ANNA, TEXAS ORDINANCE NO. _________________ AN ORDINANCE OF THE CITY OF ANNA, TEXAS PROVIDING FOR THE DESIGNATION OF THE OFFICIAL NEWSPAPER, CELINA RECORD, BY THE CITY OF ANNA, TEXAS. WHEREAS, pursuant to Section 11.02 of the City of Anna, Texas Home Rule charter, the City Council must designate an official newspaper for publishing ordinances, notices, or other matters required by law or ordinance to be published for the City of Anna, Texas; NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS: Section 1. Recitals Incorporated The recitals set forth above are incorporated herein for all purposes as if set forth in full. Section 2. Designation of Official Newspaper The City Council of the City of Anna, Texas hereby designates the Celina Record as the official newspaper of the City of Anna, Texas for publishing all ordinances, notices, and other matters required by the City Charter, City Ordinances or State or Federal law to be published. Section 3. Revocation This Ordinance shall remain in effect unless and until such time as the City Council of the City of Anna shall repeal the same by Ordinance. Section 4. Conflicts All ordinances and provisions of the City of Anna, Texas that are in conflict with this Ordinance shall be the same are hereby repealed, and all ordinances and provision of ordinances of said City not so repealed are hereby retained in full force and effect. Section 5. Severability It is the intent of the City Council that each paragraph, sentence, subdivision, clause, phrase or section of this Ordinance be deemed severable and, should any such paragraph, sentence, subdivision, clause, phrase, or section be declared invalid or unconstitutional for any reason, such declaration of invalidity or unconstitutionality shall not be construed to affect the validity of those provisions of this Ordinance left standing. Section 6. Effective Date This Ordinance will be effective upon adoption by the City Council of the City of Anna, Texas and publication to the extent required by law. ADOPTED by the City Council of the City of Anna, Texas on this 9th day of December, 2025. Approved _____________________________ Mayor Pete Cain Attested _________________________________ City Secretary Carrie L. Land Item No. 7.a. City Council Agenda Staff Report Meeting Date: 12/9/2025 Staff Contact: Lauren Mecke AGENDA ITEM: [WITHDRAWN] Conduct a public hearing/consider/discuss/action on an Ordinance (Parks at Foster Crossing) (Planning Manager Lauren Mecke) SUMMARY: This item was tabled at the November 17, 2025 Council Meeting Joint with Parks and Recreation Advisory Board. The applicant has chosen to withdraw this item. No action is required. FINANCIAL IMPACT: This item has no financial impact. BACKGROUND: At the October 6, 2025 Planning & Zoning Commission meeting, the Commission recommended with a vote 5-0 as follows: Primary Request: Approval to amend the completion date of the amenity center/pool to align with the trigger within the Park Fee Agreement of the 100th Certificate of Occupancy and to read as: Amenity Center/Pool: Construct The developer or property owner will construct and complete a private amenity center/pool in substantial conformance with Exhibit 3 Amenity Center Concept Plan prior to the issuance of the 250th single-family residential building permit 100th certificate of occupancy. Secondary Request: Approval as submitted of scrivener's errors and edits for clarification. STRATEGIC CONNECTIONS: This item has no strategic connection. ATTACHMENTS: Item No. 7.b. City Council Agenda Staff Report Meeting Date: 12/9/2025 Staff Contact: Natasha Roach AGENDA ITEM: First Reading of a Resolution approving an amendment to a project of the Anna Community Development Corporation authorizing an expenditure not to exceed $128,904 for the demolition of structures which are located on the downtown CDC- owned properties. (Assistant Director of Economic Development Natasha Roach) SUMMARY: Two readings of the Resolution are required prior to authorization of the CDC expenditure. The Resolution is included in the proceeding item approving an amendment to an agreement between the CDC and Hawkins Construction and authorizing the expenditure of funds for contract services. The CDC Board authorized the expenditure of funds not to exceed $128,904 on November 13, 2025. This is the first reading of the Resolution. The presiding officer should read the following: A RESOLUTION OF THE CITY OF ANNA, TEXAS RATIFYING AND APPROVING THE EXPENDITURE NOT TO EXCEED $128,904 FROM THE ANNA COMMUNITY DEVELOPMENT CORPORATION TO HAWKINS CONSTRUCTION FOR CONTRACT SERVICES; AND PROVIDING AN EFFECTIVE DATE. FINANCIAL IMPACT: BACKGROUND: See Next Item STRATEGIC CONNECTIONS: This item supports the City of Anna Strategic Plan, specifically advancing the strategic outcome area: Vibrant. ATTACHMENTS: Item No. 7.c. City Council Agenda Staff Report Meeting Date: 12/9/2025 Staff Contact: Natasha Roach AGENDA ITEM: Second Reading of a Resolution approving an amendment to a project of the Anna Community Development Corporation authorizing an expenditure not to exceed $128,904 for the demolition of structures which are located on the downtown CDC- owned properties. (Assistant Director of Economic Development Natasha Roach) SUMMARY: Second reading of the Resolution are required prior to authorization of the CDC expenditure. The Resolution is included in the proceeding item approving an amendment to an agreement between the CDC and Hawkins Construction and authorizing the expenditure of funds for contract services. The CDC Board authorized the expenditure of funds not to exceed $128,904 on November 13, 2025. This is the second reading of the Resolution. The presiding officer should read the following: A RESOLUTION OF THE CITY OF ANNA, TEXAS RATIFYING AND APPROVING THE EXPENDITURE NOT TO EXCEED $128,904 FROM THE ANNA COMMUNITY DEVELOPMENT CORPORATION TO HAWKINS CONSTRUCTION FOR CONTRACT SERVICES; AND PROVIDING AN EFFECTIVE DATE. FINANCIAL IMPACT: BACKGROUND: See Next Item STRATEGIC CONNECTIONS: This item supports the City of Anna Strategic Plan, specifically advancing the strategic outcome area: Vibrant. ATTACHMENTS: Item No. 7.d. City Council Agenda Staff Report Meeting Date: 12/9/2025 Staff Contact: Natasha Roach AGENDA ITEM: Consider/Discuss/Action on a Resolution approving an amendment to an Anna Community Development Corporation agreement and authorizing an expenditure not to exceed $128,904 for the demolition of structures which are located on the downtown CDC-owned properties. (Assistant Director of Economic Development Natasha Roach) SUMMARY: At the August 7th meeting, the CDC Board of Directors held a Public Hearing and approved Resolution No. 2025-08-10 authorizing an expenditure not to exceed $100,000 for the demolition of structures which are located on the downtown CDC- owned properties. As part of acquiring a demolition permit with the city, we were required to do an asbestos test before demolition could begin. This was an unforeseen expense that was not included in the original not to exceed amount. The test came back stating that there was asbestos present in the structures and therefore, we were required to file the paperwork with the state and go through the remediation process for removal. The total cost for the asbestos testing, filing and removal was $41,829.16. While the demolition costs came in under the $100,000 amount, the addition of the asbestos fees put us over the approved amount by $28,904.16. Therefore, we are requesting approval of an amendment to the previously approved resolution to a total expenditure amount of $128,904.16. FINANCIAL IMPACT: This is a request for the additional expenditure of funds in the amount of $28,904 from the original approved amount of $100,000 for the unforeseen costs. BACKGROUND: The CDC Board of Directors approved a Resolution at the CDC/EDC Joint Board Meeting that was held November 13, 2025, approving an amendment to contract services with Hawkins Construction and authorizing the expenditure of funds not to exceed $128,904. STRATEGIC CONNECTIONS: This item supports the City of Anna Strategic Plan, specifically advancing the strategic outcome area: Vibrant. ATTACHMENTS: 1. Council Resolution - CDC Amended Agreement with Hawkins Construction CITY OF ANNA the City Council of the City of Anna, Texas (the “City Council”) recognizes that on August 7, 2025, the Anna Community Development Corporation (“CDC”) passed a resolution approving and authorizing an agreement with Hawkins Construction and for the expenditure of funds for contract service purposes to demolish all vacant structures located on the downtown CDC-owned properties; and unexpected asbestos amelioration became necessary to complete said services increasing the total cost of services from the approved $100,000.00 to $128,904.16; and the City Council recognizes that on November 13,2025, the CDC passed a resolution approving an amendment to the authorized agreement with Hawkins Construction and for the expenditure of funds in the amount not to exceed $128,904.16 for contract service purposes; and the CDC Board of Directors found that the above-referenced project would promote new or expanded business development in the City of Anna, Texas; and the City is not a party to the above-reference agreement as amended but the City Council has determined that said amendment to the agreement should be approved; Section 1. Recitals Incorporated The recitals set forth above are incorporated herein for all purposes as if set forth in full. Section 2. CDC Amended Agreement Approved The City Council hereby approves the amended agreement between the Anna Community Development Corporation and Hawkins Construction and the expenditure of funds not to exceed $128,904.16 for contract service purposes to demolish all vacant structures located on the downtown CDC-owned properties as approved by the CDC on November 13, 2025. PASSED by the City Council of the City of Anna, Texas, on this 9th day of December 2025. Item No. 7.e. City Council Agenda Staff Report Meeting Date: 12/9/2025 Staff Contact: Natasha Roach AGENDA ITEM: First Reading of a Resolution approving a project of the Anna Community Development Corporation authorizing an expenditure not to exceed $154,400 for contract service purposes subject to CDC Board approval. (Assistant Director of Economic Development Natasha Roach) SUMMARY: Two readings of the Resolution are required prior to authorization of the CDC expenditure. The Resolution is included in the proceeding item approving an agreement between the CDC and Toole Design Group, LLC and authorizing the expenditure of funds for contract services. This item is expected to go before the CDC Board to authorize the expenditure of funds not to exceed $154,400 on December 11, 2025, at their CDC/EDC Joint Board Meeting. This is the first reading of the Resolution. The presiding officer should read the following: A RESOLUTION OF THE CITY OF ANNA, TEXAS RATIFYING AND APPROVING THE EXPENDITURE NOT TO EXCEED $154,400 FROM THE ANNA COMMUNITY DEVELOPMENT CORPORATION TO TOOLE DESIGN GROUP, LLC FOR CONTRACT SERVICES; SUBJECT TO THE CDC BOARD APPROVAL ON DECEMBER 11, 2025. FINANCIAL IMPACT: BACKGROUND: See Next Item STRATEGIC CONNECTIONS: This item supports the City of Anna Strategic Plan, specifically advancing the strategic outcome area: Vibrant. ATTACHMENTS: Item No. 7.f. City Council Agenda Staff Report Meeting Date: 12/9/2025 Staff Contact: Natasha Roach AGENDA ITEM: Second Reading of a Resolution approving a project of the Anna Community Development Corporation authorizing an expenditure not to exceed $154,400 for contract service purposes subject to CDC Board approval. (Assistant Director of Economic Development Natasha Roach) SUMMARY: Two readings of the Resolution are required prior to authorization of the CDC expenditure. The Resolution is included in the proceeding item approving an agreement between the CDC and Toole Design Group, LLC and authorizing the expenditure of funds for contract services. This item is expected to go before the CDC Board to authorize the expenditure of funds not to exceed $154,400 on December 11, 2025, at their CDC/EDC Joint Board Meeting. This is the second reading of the Resolution. The presiding officer should read the following: A RESOLUTION OF THE CITY OF ANNA, TEXAS RATIFYING AND APPROVING THE EXPENDITURE NOT TO EXCEED $154,400 FROM THE ANNA COMMUNITY DEVELOPMENT CORPORATION TO TOOLE DESIGN GROUP, LLC FOR CONTRACT SERVICES; SUBJECT TO THE CDC BOARD APPROVAL ON DECEMBER 11, 2025. FINANCIAL IMPACT: BACKGROUND: See Next Item STRATEGIC CONNECTIONS: This item supports the City of Anna Strategic Plan, specifically advancing the strategic outcome area: Vibrant. ATTACHMENTS: Item No. 7.g. City Council Agenda Staff Report Meeting Date: 12/9/2025 Staff Contact: Natasha Roach AGENDA ITEM: Consider/Discuss/Action on a Resolution approving an agreement between the Anna Community Development Corporation and Toole Design Group, LLC and authorizing an expenditure not to exceed $154,400 for contract service purposes subject to CDC Board approval. (Assistant Director of Economic Development Natasha Roach) SUMMARY: This Contract for Professional Services includes the Scope of Work and Fee Proposal for the Illustrative Plan for the Downtown District. Originally, this project was budgeted as a Small Area Plan for downtown, but with the onset of development and the announcement of incoming businesses, the CDC staff is requesting to revise the scope of the project to include all of the downtown area for an overall, cohesive design for future development. With the expected growth of the downtown area, this project will include and focus on four phases for developing a framework for the design. Those are as follows: • Phase 1: Discover - Gaining a firm understanding of the physical environment, economic and market realities, and community expectations. • Phase 2: Design - Collaborating with the City and community to design an Illustrative Plan and Urban Code (optional) that is visionary and implementable. • Phase 3: Document - Creating a Development Report to serve as a long-term vision for making downtown Anna into an active, vibrant hub for people of all ages • Phase 4: Mobiity Standards - Defining street types, providing dimensional standards, and developing guidance other key components of the urban fabric to support safe, comfortable, and efficient travel for people walking, bicycling, riding transit, and driving. It is important to note that this is a key document for staff, council, and developers to use as we continue to develop the heart of our community. The goal is to have an overall vision of how we want that to look, key aspects and amenities unique to downtown and to grow intelligently to create sustainable development for the future. The CDC is partnering with Development Services to include the Mobility Standards in the project, which will speak to specific details about how neighbors will navigate the downtown area. This is also being partnered with updating our Code of Ordinances to make sure we have a consistent, updated, overall plan to include the findings of the Illustrative Plan project. FINANCIAL IMPACT: This item was originally budgeted as a Small Area Plan in the amount of $52,000. With this revision to the scope, the new cost is $134,600. Development Services will be contributing approximately $20,000 to this project for their portion of the Mobility Standards Phase. Therefore, a budget amendment may be required for the Contract Services category later in the year once the project is complete and final costs have been determined. BACKGROUND: The CDC Board of Directors is expected to vote on this item at their December 11, 2025, CDC/EDC Joint Board Meeting. Staff requests that Council's approval of this item be subject to the CDC Board approval on December 11th. STRATEGIC CONNECTIONS: This item supports the City of Anna Strategic Plan, specifically advancing the strategic outcome area: Vibrant. ATTACHMENTS: 1. Council Resolution - CDC Agreement with Toole Design Group (Illustrative Map) 2. Exhibit A Contract for Professional Services - Anna Community Development Corporation and Toole Design Group, LLC_PE CITY OF ANNA the City Council of the City of Anna, Texas (“the City Council”) anticipates that the Anna Community Development Corporation (the “CDC”) will consider a resolution approving and authorizing an agreement with Toole Design Group, LLC, attached hereto as Exhibit A, for the expenditure of funds for contract service purposes; and the City Council has determined that said agreement should be approved; Section 1. Recitals Incorporated The recitals set forth above are incorporated herein for all purposes as if set forth in full. Section 2. CDC Agreement Approved The City Council hereby approves of the CDC entering into an agreement with Toole Design Group, LLC and the CDC expending funds not to exceed $154,400 for contract service purposes subject to approval by the CDC. by the City Council of the City of Anna, Texas, on this 9th day of December 2025. APPROVED: _____________________________ Mayor, Pete Cain ATTEST: ________________________________ City Secretary, Carrie Land v 10 2024 Contract for Professional Services Between: Anna Community Development Corporation (“Client”) and Toole Design Group, LLC (“TOOLE”) 1. Project Overview: Project Name: Anna Illustrative Plan TOOLE Project Number: 00AUS.00361 Client Name: Anna Community Development Corporation (“Client”) Contract Effective Date: November 3, 2025 2. Project Information: TOOLE Budget: $154,400 Term of Agreement: November 3, 2025 – June 30, 2026 Project Location: Anna, Texas 3. Toole Project Manager: Name: Jorge Planas Email: jplanas@tooledesign.com Phone: (407) 664-2423 4. Client Project Manager: Client: Anna Community Development Corporation Name: Natasha Roach, Assistant Director of Economic Development Email: NRoach@annatexas.gov Phone: (214) 831-5321 5. TOOLE Main Office Contact Information: Admin/Finance Address: 1 Inventa Place, Suite 950 Silver Spring, MD 20910 Phone: (301) 927-1900 Contracts: contracts@tooledesign.com Invoices: accounts.payable@tooledesign.com & cc TOOLE Project Manager 6. Terms and Conditions: Except to the extent modified by Amendments (if applicable), Terms and Conditions attached incorporated here shall apply. Exhibits/Attachments: • Terms and Conditions • Attachment A - Scope of Work and Detailed Budget and Fees 2 AGREEMENT between ANNA COMMUNITY DEVELOPMENT CORPORATION and TOOLE DESIGN GROUP, LLC TOOLE# 00AUS.00361 This Agreement is made as of November 3, 2025, between Toole Design Group, LLC (“TOOLE”) having its principal office of business at 1 Inventa Place, Suite 950, Silver Spring, MD 20910, and the Anna Community Development Corporation (“Client”), (collectively the “Parties”) having its principal office of business at 120 W. 7th Street, Anna, Texas 75409. AGREEMENT TOOLE and Client agree as follows: 1. This Agreement does not establish a joint-venture, partnership, employer-employee, or principal-agent relationship between TOOLE and Client. The relationship between Toole and Client will be that of an independent contractor. 2. The scope of this Agreement (the “Project” or “Services”) and time period of performance are as indicated in Attachment A. 3. Client shall compensate TOOLE by paying a lump sum fee with a budget amount of $154,400. This is based on an estimate of hours, cost of materials, period of performance and other factors as further described in Attachment A. If any of the above factors has a significant impact on the initial lump sum amount, Toole will notify Client in writing and work with Client on an amendment to the lump sum amount. If the lump sum amount has been reached, TOOLE reserves the right to stop work until a written amendment has been executed by both Parties. A more detailed description of the compensation for the Services may be found in Attachment A. 4. TOOLE shall submit invoices (no more frequently than once per month) based on work completed during that time period and Client shall pay TOOLE within ten (10) days after receipt of invoice. Should the Client fail to make timely payment, TOOLE reserves the right to stop work until payment is received. 5. This Agreement shall automatically terminate on June 30, 2026. Before this official date of termination, the obligation to provide further services under this Agreement may be terminated by either party upon five (5) business days’ written notice in the event of substantial failure by the other party to perform in accordance with the terms hereof through no fault of the terminating party. Upon any termination, TOOLE will be paid for all services completed to the date of termination. 6. Client shall arrange for access to and make all provisions for TOOLE to enter upon public and private property as required for TOOLE to perform the Services. TOOLE shall be able to reasonably rely on any data or information provided by the Client necessary to perform the Services under this Agreement. 7. Client shall give written notice to TOOLE whenever Client becomes aware of any development that affects the scope or timing of TOOLE’s Services. 3 8. Financial records of TOOLE pertinent to TOOLE’s compensation and payments under this Agreement will be kept in accordance with generally accepted accounting practices. 9. TOOLE shall maintain all records (including electronic records) in regard to this Agreement readily available and in legible form. TOOLE shall maintain all books, papers, records, accounting records, files, accounts, reports, cost proposals with backup data, and all other material relating to direct costs charged to this Project, and shall make all such material available at any reasonable time during the term of work on the Project and for two (2) years from the date of final payment to TOOLE auditing, inspection, and copying upon Client’s request. 10. Any official notice or other communication required hereunder shall be sent by certified mail (return receipt requested), and/or other methods as mutually agreed upon, and shall be deemed given on the date which such notice is received. To Contractor at: Toole Design Group, LLC 1 Inventa Place, Suite 950 Silver Spring, MD 20910 To Client at: Anna Community Development Corporation Attn: City Manager and Economic Development Director Address:120 W. 7th Street Anna, Texas 75409 11. TOOLE shall acquire and maintain at all times and until the full and final completion of the Services under this Agreement: (a) workers compensation insurance in the amount required by law; (b) commercial general liability insurance including personal injury liability, premises operations liability, and contractual liability, covering, but not limited to, the liability assumed under any indemnification provisions of this Agreement, with limits of liability for bodily injury, death and property damage with limits of not less than $1,000,000.00; and (c) professional liability insurance for protection from claims arising out of performance of professional services caused by its negligent acts, errors, or omissions with limits of not less than $1,000,000.00. Coverage must be on a “per occurrence” basis. All such insurance shall: (i) be issued by a carrier which is rated “A-1” or better by A.M. Best’s Key Rating Guide and licensed to do business in the State of Texas; and (ii) name the Client as an additional insured and contain a waiver of subrogation endorsement in favor of the Client. Upon the execution of this Agreement, TDG shall provide to the Client certificates of insurance evidencing such insurance coverage together with the declaration of such policies, along with the endorsement naming the Client as an additional insured. Each such policy shall provide that, at least 30 days prior to the cancellation, non-renewal or modification of the same, the Client shall receive written notice of such cancellation, non-renewal or modification. 12. To the fullest extent permitted by law, Client and TOOLE each agree to indemnify the other party and the other party’s officers, directors, partners, employees, and representatives, from and against losses, damages, and judgments arising from claims by third parties, including reasonable attorneys’ fees and expenses recoverable under applicable law, but only to the extent they are found to be caused by a negligent act, error, or omission of the indemnifying party or any of the indemnifying party’s officers, directors, members, partners, agents, employees, or subconsultants in the performance of services under this Agreement. If claims, losses, damages, and judgments are found to be caused by the joint or concurrent negligence of Client and TOOLE, they shall be borne by each party in proportion to its negligence. 4 13. All original design calculations, field notes, quantity calculations, logos, maps, photographs, written reports, necessary project specific provisions, and other material including drawings prepared under this agreement (“Data”), and without regard to the media in which the Data was developed, shall be the property of the Client and TOOLE. Client shall make available to TOOLE drawings, specifications, schedules and other information and data which are pertinent to TOOLE’s Services. These aforementioned non-public documents, information, and data shall remain the property of the Client and/or of another party if required. 14. If this Agreement provides for any construction phase services by TOOLE, it is understood that the Contractor, not TOOLE, is responsible for the construction of the project, and that TOOLE is not responsible for the acts or omissions of any contractor, subcontractor or material supplier; for safety precautions, programs or enforcement; or for construction means, methods, techniques, sequences and procedures employed by the Contractor. 15. The standard of care for all professional services performed or furnished by TOOLE under this Agreement will be the skill and care used by members of TOOLE’s profession practicing under similar circumstances at the same time and in the same locality. TOOLE makes no warranties, express or implied, under this Agreement or otherwise, in connection with TOOLE’s services 16. Any dispute resolution process will be governed by the procedures outlined in this Agreement. Any disputes relating to this Agreement shall be submitted to a senior representative of each Party who shall have the authority to enter into an agreement to resolve the dispute (“Representative”). The Representatives shall not have been directly involved in the performance of the Services and shall negotiate in good faith. If the Representatives are unable to resolve the dispute within three weeks or within such longer time period as the representatives may agree, the dispute may be decided by alternative forms of dispute resolution (such as neutral mediation) as mutually agreed or either Party may then pursue its respective rights in law or equity. No written or verbal representation made by either Party in the course of any discussions between the Representatives or other settlement negotiations shall be deemed to be a party admission. 17. This Agreement shall be governed by and constructed and enforced in accordance with the laws of the State of Texas without regard to any choice-of-law provisions. 18. If any legal proceedings should be instituted by either party to enforce the terms of this Agreement or to determine the rights of the partied hereto, each party shall pay for their own attorney’s fees, expert witness fees, and costs. 19. Force majeure shall include, but not be limited to, any acts of God or the public enemy; compliance with any order, rule, regulation, decree, or request of any governmental authority or agency or person purporting to act therefore; acts of war, public disorder, rebellion, terrorism, or sabotage; floods, hurricanes, or other storms; strikes or labor disputes; or any other cause, whether or not of the class or kind specifically named or referred to herein, not within the reasonable control of the Party affected. A delay in or failure of performance of either Party shall not constitute a default hereunder nor be the basis for, or give rise to, any claim for damages, if and to the extent such delay or failure is caused by force majeure. 20. Client and TOOLE shall not be liable to each other for indirect, incidental, special, economic consequential, or punitive damages of any kind (including but not limited to lost profits and operation costs). 5 21. In the event that any term or condition of this Agreement is held to be illegal, invalid, or unenforceable under the Law, such term or condition shall be deemed severed from this Agreement and the remaining terms and conditions shall remain unaffected and thereby continue in full force. 22. This Agreement represents the entire integrated agreement between TOOLE and Client and supersedes and replaces all of the terms and conditions of any prior agreements, arrangements, negotiations, or representations, written or oral, which have not been specifically incorporated by reference herein with respect to this Agreement. This Agreement may be changed, modified or altered only by written agreement of the parties. IN WITNESS WHEREOF, the Parties hereto have made, executed and agreed to this Agreement as the day and year first above written. Toole Design Group, LLC Anna Community Development Corporation By: By: Name:Jared Draper Name:Bruce Norwood Title: Director of Operations, South Title: President SCOPE OF WORK AND FEE PROPOSAL October 7, 2025 Dear Natasha, Toole Design Group, LLC is pleased to submit this scope of work to the City of Anna to provide an illustrative plan for the Downtown District based on the boundaries identified in the PDF you sent on July 18, 2025. This letter outlines the scope, schedule, and fee for the consultant services the Toole Design Team will provide. This scope Downtown Anna that strengthens quality of life and guides future investment Please let us know if you have any questions or feedback about this scope of work and fee. These tasks can be Project Understanding The City of Anna desires an Illustrative Plan to guide public and private investment in the Downtown District. An Illustrative Plan is a visual representation that shows how a development or revitalization concept could be built out over time. Its purpose is to convey the design vision, spatial relationships, and intended character of an area. In partnership with the City of Anna and key stakeholders, Toole Design will craft the Illustrative Plan to serve as a tailed regulatory tools (like zoning or form-based codes) that will guide actual implementation. The boundaries for the Illustrative Plan are noted in the attached map, which was provided by the City of Anna. Part of the Illustrative Plan will include conceptual plans for the sites owned by several generational families and demonstrate its future potential development. The conceptual plans will illustrate recommendations for the schematic layout addressing land use, general location of public and private tracts, patterns of circulation, as well as the preliminary design of parks and other amenities with thoughtful integration of the surrounding context. This portion of the plan will be especially valuable in demonstrating development potential for legacy properties that The Illustrative Plan will include five diagrams that break down key components of the master plan showing how people move (Mobility), where green spaces are located (Open Space), the placement of important public facilities (Civic Uses and Buildings), areas suitable for development (Developable Land), and sequential order of implantation (Phasing Plan). These diagrams will be provided in PDF and editable GIS formats and are described in more detail below. Mobility Network: Indicating access and throughways for various types of users and modes of mobility: pedestrian, bicycle and trail, vehicular, and transit. o Pedestrian ways: demarcating rights-of-ways, sidewalk area and plantings - which may include Pedestrian Passages and Pedestrian Paths. Attachment A 2 o Bicycle and Trail ways: demarcating rights-of-ways, route area and plantings - which may include various forms of bike access through shared or separate lanes, as well as routes for people and equestrians. o Vehicular ways: demarcating rights-of-ways, sidewalk area, finishings areas, planter type, plantings, parking, and travel lanes - which may include boulevards, avenues, streets, roads, alleys, and lanes. o Transit ways: demarcating transit routes and transit stop locations. Open Space: Indicating the paved and non-paved areas for parks, plazas, squares, playgrounds, sport fields, trails, water bodies, wildlife corridors, agriculture, greenbelts, and natural preserves. Civic Uses and Buildings Diagram: Indicating sites and buildings used or reserved for civic purposes. Developable Land: Indicating boundaries of private property, civic reservations, parking pods, and areas available for development. Phasing Plan: outlines sequential approach to implementing the plan, prioritizing projects based on needs, impact and available resources. Perspective renderings, generated by freehand or computerized sketch, will show four different scenes that illustrate the desired character of Downtown Anna. These renderings will be in color, provided digitally, and will focus on: Civic Space: such as a new park, open space, or high-profile streetscape Commercial Street: may show one of the gateways into Downtown Anna and how public and private development can work toward an inviting look and feel for specific intersections and corridors Residential Street: a typical street within the downtown of primarily residential use Special Project: to be discussed with the City; envisioned to be a catalyst project that will help spur activity and vibrancy for Downtown Anna In addition to the above items, a development capacity matrix will be included to assist the City of Anna with ongoing implementation. This matrix will include calculations and diagrams for the items identified below to help guide investment decisions and provide a foundation for budgeting and costs Open Space Developable Land Lot Type Count Unit Counts The deliverables will be organized into a Development Report. This will include further refinement of all the information begun during the Discovery and Design phase. The materials developed will be placed into a booklet with illustrations and all relevant information. This report will serve as a showcase to attract investors and be used for marketing material. Project Approach Work Plan & Timeline The following outlines our approach and the anticipated scope of work. We recommend a five-month, charrette- approach working with communities on similar projects, including Denison, Sulphur Springs, and Tyler. The four lively and active destination. 3 1. DISCOVER: Gaining a firm understanding of the physical environment, economic and market realities, and community expectations. 2. DESIGN: Collaborating with the City and community to design an Illustrative Plan and Urban Code (optional) that is visionary and implementable. 3. DOCUMENT: Creating a Development Report to serve as a long-term vision for making downtown Anna into an active, vibrant hub for people of all ages. 4. MOBILITY STANDARDS: Defining street types, providing dimensional standards, and developing guidance other key components of the urban fabric to support safe, comfortable, and efficient travel for people walking, bicycling, riding transit, and driving. PHASE 1: DISCOVER Phase 1 focuses on working with the City of Anna to develop a project management structure that will guide the planning process and establish an understanding of Downtown Anna as a community and as a physical place. Task 1.1: Project Management The Toole Design Team will prepare for and participate in a Project Kickoff Meeting with the City and others as appropriate, to review the scope of work, schedule, deliverables, budget, key project assumptions, and data availability, and clearly identify project expectations. Information from this meeting will inform the creation of the Project Management Strategy. A Project Management Strategy will be developed, complete with a Quality Assurance/Quality Control (QA/QC) approach and associated procedures. As appropriate, procedures, standards, and guidelines will be provided to project staff to ensure final products meet or exceed expectations. Toole Design will conduct ongoing coordination with City staff and others as appropriate. This will include monthly invoices and progress reports will be prepared. Task 1.2: Review Previous Plans & Studies Anna Design Standards, and any other relevant documents. The review will identify key policies, priorities, and recommendations that can be incorporated as part of the Illustrative Plan. We will be respectful of these previous planning efforts since they are typically developed from significant public engagement. Task 1.3: Basemapping & GIS Analysis We understand that the Anna 2050 Downtown Master Plan performed an existing conditions analysis to review existing land uses, mobility, historic resources, vacant parcels, property ownership, etc. We will work with the City of Anna to review the previous analysis and, where information has changed (such as with property ownership or vacant parcels), our team will update only those basemaps. This will ensure that we have the latest information that will help serve as the basis for creating the Illustrative Plan. Our team will produce a series of additional diagrammatic maps showing the context of the area in relationship to such community aspects as the overall transportation network and mobility, open spaces, major destinations, land use patterns, zoning regulations, housing types, parking assets, environmental issues, topography, waterways and floodplains, and historic resources. Task 1.4: Community Kickoff Event & Stakeholder Interviews As a final task for Phase 1, our team will conduct a kickoff event for the public. This event will be structured for stakeholders and the community to learn firsthand about this planning process and future engagement activities, 4 confirm what information we've learned to date from our existing conditions analysis, and help us set the vision and guiding principles for the Illustrative Plan. While our team is in town for the community kickoff event, we will schedule one-on-one and/or small focus group meetings over a 2-3 day period to uncover information, insights, and ideas that will help guide the next phase of work. PHASE 1 DELIVERABLES: Project Kickoff Meeting (virtual) Project Management Strategy Biweekly Project Management Meetings (virtual) Monthly Invoices and Project Reports Community Kickoff Meeting & Stakeholder Interviews (in-person) Existing Conditions Summary Presentation Meeting and Presentation Materials PHASE 1 ASSUMPTIONS: City will work with the team to identify stakeholders, schedule interviews, and identify and secure a space for the Stakeholder Interviews City will identify and secure space for the Community Kickoff Event If desired, City will host a project website (or webpage on an existing site) and push content out through their social media channels PHASE 2: DESIGN The physical form of a place places for development shaped by a compact network of streets designed to be remarkable public spaces for people is foundational for healthy, affordable, and vibrant downtowns. Land uses, buildings, streets, paths, trails, and public spaces must be clearly organized and exceptionally designed to have In this phase, Toole Design will build on the foundation of the Downtown Master Plan and work with the City and -owned sites that . Task 2.1: Multi-day Design Charrette We propose facilitating a multi-day charrette with the key stakeholders and, if desired, the public. The charrette will be interactive where stakeholders, the community, designers, industry experts, and technical experts work together to develop design and planning solutions. We will conduct our charrette at a central location to allow easy access for all and the ability for team field surveying. This charrette is where much of our work is done. A well-planned charrette has many benefits. First, those influential to the project develop a vested interest in the plan, understand how it was developed and take ownership in its vision. Second, our interdisciplinary team works together to produce a complete plan to address all aspects of its design and implementation. The collective effort organizes the input of all the players during focused meetings, thereby eliminating the need for prolonged discussion that can delay the project and push the budget. Finally, a better product is produced more efficiently and more cost effectively due to its collaborative nature which can significantly reduce the need for re-work at future dates. 5 Charrette Team The purpose of the charrette is to bring together an experienced team of land use and transportation planners, urban designers, landscape architects, architects, and policy/implementation specialists to collaboratively develop plans and solutions. For the charrette, we will bring a team of professionals and support staff who will work on- site. Having our experts in one place at one time allows us to leverage meetings with key stakeholders who live, work, and understand the dynamic, evolving environment of Downtown Anna. Compressing what could be a multitude of meetings and weeks or months of back-and-forth allows us to be more efficient in managing project resources and enabling stakeholders to get more done. Charrette Agenda stakeholders, and public, with room to support small-group discussions and hold a final presentation. The charrette will focus on three main events: 1) a community visioning workshop; 2) a design studio open to the public daily; and 3) a closing open house on the charrette results and initial recommendations. During the charrette, an in-person meeting will be held in the evening of the first day where the City and Toole will discuss existing conditions, ideas heard to date, and any initial planning ideas. Then over the next three days, our team will work on-site to develop an Illustrative Plan that is reflective of the on-the-ground realities and aligns with the vision and goals of the community. Stakeholders are encouraged and welcome to schedule a meeting with the project planners and designers on day two. We will have an interim review of the charrette products with the team prior to the closing presentation on day four. The closing presentation will be in-person at the charrette site to discuss what we heard during the week and our design concepts. PHASE 2 DELIVERABLES: Meeting Materials and Presentations for the Design Charrette Draft Illustrative Plan developed during the Design Charrette Design Charrette Summary Presentation PHASE 2 ASSUMPTIONS: City will identify and secure space for the Design Charrette PHASE 3: DOCUMENT Our final phase of work will be focused on crafting a document that summarizes what we heard and provides a Task 3.1: Draft and Final Plan A significant amount of work will be developed during the earlier phases, particularly during the Design Charrette. Our team will work with the final deliverable in mind during earlier tasks, with the intent that earlier deliverables and products such as conceptual designs, high-level design standards, and recommendations are of such a quality that they can be included in the Development Report. The Illustrative Plan will be a graphically rich document that includes the following key deliverables: Summary of Existing Conditions Summary of Public Engagement Activities Illustrative Plan 6 Plan Diagrams Renderings of key locations Task 3.2: Final Presentations We will prepare for and facilitate two (2) final presentations for the Illustrative Plan. The first will be a presentation of the final draft document for final review and comment by key stakeholders (and the public, if desired). Once we have finalized the document based on any closing community feedback, we will attend a final meeting to present the work to City for staff acceptance. PHASE 3 DELIVERABLES: Draft and Final Illustrative Plan Final Public Presentation (In-person) Final Presentation to City for staff acceptance (in-person) PHASE 3 ASSUMPTIONS: City will consolidate all comments for the Draft Development Report into one PDF City will identify and secure a location for the Final Public Presentation PHASE 4: MOBILITY STANDARDS Toole Design will prepare a standalone set of mobility standards tailored for the City of Anna. Mobility Standards are guidelines with drawings and dimensions that organize pedestrian, bicycle, trail, vehicle, and transit routes. These standards will provide a clear, regulatory framework for the design and organization of public rights-of-way, ensuring that pedestrian, bicycle, transit, and vehicle needs are addressed in a consistent and context-sensitive way. -town identity while supporting safe, comfortable, and efficient travel for people walking, bicycling, riding transit, and driving. By establishing a clear framework for rights- of-way, the City will be able to guide development and infrastructure decisions in a way that balances mobility, livability, and long-term stewardship of the public realm. The mobility standards will include: Street types appropriate for Anna: Ranging from rural to urban, with representative cross-sections showing typical arrangements of travel lanes, bicycle facilities, sidewalks, and planting/furnishing zones. Dimensional standards: Summaries of right-of-way widths, lane widths, sidewalks, and frontage zones that establish a baseline for planning and engineering review. Public realm elements: Regulatory-level guidance on sidewalks, tree and planting zones, lighting, and furnishings. The standards will establish expectations without prescribing highly specific design details, allowing for future calibration by the City. Illustrations and tables: Simple diagrams and charts that present requirements in a clear and accessible format. In addition, Toole Design will enhance the framework with layers of best practices that go beyond traditional standards. These enhancements may include safety principles such as speed management by design, protected intersections, and self-enforcing geometries; universal design features such as ADA-compliant sidewalks, tactile paving, audible signals, and other inclusive safety considerations; and sustainability and resilience elements including green infrastructure, stormwater planters, providing adequate soil volume for long- 7 term tree canopy growth, dark-sky compliant lighting, and heat mitigation strategies. The standards may also incorporate emerging mobility needs, including low-stress bike networks, micromobility zones, mobility hubs, and freight/delivery management. These regulatory-level standards will be delivered as a standalone element, structured for future integration into alignment with their ongoing code updates, but this task does not include preparing a Regulating Plan or undertaking a comprehensive rewrite of existing City codes. This task is expected to run concurrently with Phase 3. PHASE 4 DELIVERABLES: Draft Mobility Standards document (PDF). Final Mobility Standards document (PDF and editable format). Fee reflects the four phases described above. It is anticipated that this project can be completed in five months or less. Fee Schedule for City of Anna Illustrative Plan Task Fee Phase 1: Discover $29,200 Phase 2: Design $37,600 Phase 3: Document $58,200 Phase 4: Mobility Standards $19,800 Expenses $9,600 Total $154,400 We appreciate the opportunity to partner with the City of Anna on this important effort. We look forward to refining . Sincerely, Eric Childs, PLA, ASLA, LEED AP | Senior Landscape Architect TOOLE DESIGN 659 Auburn Avenue, Suite 255 | Atlanta, GA 30312 echilds@tooledesign.com | 470.800.9525 x655 Item No. 7.h. City Council Agenda Staff Report Meeting Date: 12/9/2025 Staff Contact: Joey Grisham AGENDA ITEM: Conduct a Public Hearing regarding the creation of Liberty Hills Public Improvement District No. 2 pursuant to Section 372.009, Texas Local Government Code and Consider/Discuss/Action a resolution approving the creation of the Liberty Hills Public Improvement District No. 2 and Ordering Public Improvements to be made for the benefit of such District; providing for a severability clause; providing an effective date; and containing other matters relating to the subject. (Director of Economic Development Joey Grisham) SUMMARY: Staff received a PID petition for Liberty Hills on October 29, 2025, and pursuant to Chapter 372.009, a public hearing is required to create a Public Improvement District. The Development Agreement was approved on May 14, 2024, which states that the city will use reasonable efforts to create the PID(s) for the Liberty Hills Development. This development will bring significant tax value to the city and include higher construction standards, limited sale of property to institutional investors, and a large commercial corridor. FINANCIAL IMPACT: N/A BACKGROUND: STRATEGIC CONNECTIONS: This item supports the City of Anna Strategic Plan, specifically advancing the strategic outcome area: Vibrant. ATTACHMENTS: 1. Resolution Creating Liberty Hills PID No. 2 v1 CERTIFICATE FOR RESOLUTION THE STATE OF TEXAS COLLIN COUNTY CITY OF ANNA We, the undersigned officers of the City of Anna, Texas (the "City"), hereby certify as follows: 1. The City Council (the "Council") of the City convened in a regular meeting on December 9, 2025, at the regular designated meeting place, and the roll was called of the duly constituted officers and members of the Council, to wit: Pete Cain, Mayor Kelly Patterson-Herndon, Council Member Kevin Toten, Mayor Pro Tem Elden Baker, Council Member Stan Carver II, Deputy Mayor Pro-Tem Manny Singh, Council Member Nathan Bryan, Council Member Marc Marchand, Acting City Manager Carrie Land, City Secretary and all of said persons were present, except _____________________________________________, thus constituting a quorum. Whereupon, among other business the following was transacted at said meeting: a written A RESOLUTION REGARDING THE CREATION OF THE LIBERTY HILLS PUBLIC IMPROVEMENT DISTRICT NO. 2 AND ORDERING PUBLIC IMPROVEMENTS TO BE MADE FOR THE BENEFIT OF SUCH DISTRICT; PROVIDING FOR A SEVERABILITY CLAUSE; PROVIDING AN EFFECTIVE DATE; AND CONTAINING OTHER MATTERS RELATING TO THE SUBJECT. was duly introduced for the consideration of the Council. It was then duly moved and seconded that said Resolution be passed; and, after due discussion, said motion, carrying with it the passage of said Resolution, prevailed and carried, with all members of the Council shown present above voting "Aye," except as noted below: NAYS: ABSTENTIONS: 2. A true, full, and correct copy of the aforesaid Resolution passed at the meeting described in the above and foregoing paragraph is attached to and follows this Certificate; said Resolution has been duly recorded in the Council's minutes of said meeting; the above and foregoing paragraph is a true, full, and correct excerpt from the Council's minutes of said meeting pertaining to the passage of said Resolution; the persons named in the above and foregoing paragraph are the duly chosen, qualified, and acting officers and members of the Council as indicated therein; that each of the officers and members of the Council was duly and sufficiently notified officially and personally, in advance, of the time, place, and purpose of the aforesaid meeting, and that said Resolution would be introduced and considered for passage at said meeting, and each of said officers and members consented, in advance, to the holding of said meeting for such purpose; and that said meeting was open to the public, and public notice of the time, place, and purpose of said meeting was given all as required by the Texas Government Code, Chapter 551. Signature Page to a Certificate for A RESOLUTION REGARDING THE CREATION OF THE LIBERTY HILLS PUBLIC IMPROVEMENT DISTRICT NO. 2 AND ORDERING PUBLIC IMPROVEMENTS TO BE MADE FOR THE BENEFIT OF SUCH DISTRICT; PROVIDING FOR A SEVERABILITY CLAUSE; PROVIDING AN EFFECTIVE DATE; AND CONTAINING OTHER MATTERS RELATING TO THE SUBJECT. 3. The Council has approved and hereby approves the Resolution; and the Mayor (or Mayor Pro Tem) and City Secretary hereby declare that their signing of this certificate shall constitute the signing of the attached and following copy of said Resolution for all purposes. SIGNED AND SEALED ON DECEMBER 9, 2025. ATTEST: ___________________________________ Pete Cain, Mayor ___________________________________ Carrie L. Land, City Secretary (SEAL) more than fifty percent (50%) of the area of all real property that is liable for assessment under the proposal; (b) the proposed public improvements described in the Petition are of the nature of the public improvements described in Section 372.003 of the Act and are advisable and desirable improvements for the District; (c) the proposed public improvements will promote the interests of the City and are of the nature that will confer a special benefit on the Property within the District by enhancing the value of such Property located within the District; (d) the general nature of the proposed public improvements and estimated costs thereof are set forth and described in Exhibit B attached hereto and made a part hereof for all purposes; (e) the boundaries of the District include all of the Property that is set forth and described in Exhibit A attached hereto and made a part hereof for all purposes; (f) the assessment of costs of the proposed improvements will be levied on each parcel of property within the District in a manner that results in imposing equal shares of the costs on property similarly benefitted; (g) the costs of the improvements shall be apportioned between the District and City such that all such costs are paid from the assessments levied on the Property within the District and other sources available to the owners and developers of the Property within the District, as further described in Exhibit B; and (h) the District shall be managed without the creation of an advisory body. Section 3. Based on the foregoing, the District is hereby created as a public improvement district under the Act in accordance with the findings of the City Council as to the advisability of the public improvements described in Exhibit B, the nature and the estimated costs of the public improvements, the boundaries of the District, the method of assessment, and the apportionment of costs as described herein, which are authorized to be made in accordance with the service and assessment plan to be approved by the City Council. Section 4. The City Council hereby authorizes and directs the City Secretary, on or before December 16, 2025, in accordance with the Act, to file this Resolution with the County Clerk of Collin County, Texas. Section 5. If any section, article, paragraph, sentence, clause, phrase or word in this resolution or application thereof to any persons or circumstances is held invalid or unconstitutional by a court of competent jurisdiction, such holding shall not affect the validity of the remaining portions of this resolution; and the City Council hereby declares it would have passed such remaining portions of the resolution despite such invalidity, which remaining portions shall remain in full force and effect. Section 6. This Resolution has been approved by majority vote of all members of the City Council and constitutes the improvement order establishing and creating the District in accordance with the Act. Section 7. This Resolution shall take effect immediately from and after the date of its passage in accordance with law. 2 PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS, THIS 9TH DAY OF DECEMBER, 2025. Pete Cain, Mayor ATTEST: Carrie L. Land, City Secretary EXHIBIT A LEGAL DESCRIPTION OF THE PROPERTY EXHIBIT B PROPOSED IMPROVEMENTS AND ESTIMATED COSTS Nature of the Authorized Improvements: The general nature of the proposed public improvements may include (a) acquisition, construction and improvements, and maintenance of the improvements, consisting of (i) street and roadway improvements, including related sidewalks, drainage, utility relocation, signalization, landscaping, lighting, signage, off-street parking and right-of-way; (ii) establishment or improvement of parks and open space, together with the design, construction of any ancillary structures, features or amenities such as trails, playgrounds, walkways, lighting and any similar items located therein; (iii) sidewalks and landscaping, including entry monuments and features, fountains, lighting and signage; (iv) acquisition, construction, and improvement of water, wastewater and drainage improvements and facilities and facilities related thereto; (v) acquisition of real property, interests in real property, or contract rights in connection with the Authorized Improvements (as defined below); (vi) payment of costs, including, without limitation, design, engineering, permitting, legal, required payment, performance and maintenance bonds, bidding, support, construction, construction management, administrative and inspection costs, associated with developing and financing the public improvements listed in (i) through (v) above; (vii) payment of costs associated with operating and maintaining the public improvements listed in (i) through (v) above; (viii) payment of costs of establishing, administering, and operating the District, as well as the interest, costs of issuance, reserve funds, or credit enhancement of bonds issued for the purposes described in (i) through (viii) above (collectively, the “Authorized Improvements”); and (b) the payment of expenses incurred in the establishment, administration, and operation of the District, including maintenance costs, costs of issuance, funding debt service and capitalized interest reserves and credit enhancement fees of any bonds issued by or on behalf of the District, if necessary. These Authorized Improvements shall promote the interests of the City and confer a special benefit upon the Property. Estimated Costs of the Authorized Improvements and Apportionment of Costs: The estimated total costs of the Authorized Improvements is $137,000,000.00, which costs shall be paid by assessment of the property owners within the proposed District. The City will not be obligated to provide any funds to finance the Authorized Improvements, other than from assessments levied on the Property. The developer of the property (the “Developer”) may also pay certain costs of the Authorized Improvements from other funds available to the Developer. Item No. 7.i. City Council Agenda Staff Report Meeting Date: 12/9/2025 Staff Contact: Joey Grisham AGENDA ITEM: Conduct a Public Hearing regarding the creation of Liberty Hills Public Improvement District No. 3 pursuant to Section 372.009, Texas Local Government Code and Consider/Discuss/Action on a resolution approving the creation of the Liberty Hills Public Improvement District No. 3 and Ordering Public Improvements to be made for the benefit of such District; providing for a severability clause; providing an effective date; and containing other matters relating to the subject. (Director of Economic Development Joey Grisham) SUMMARY: Staff received a PID petition for Liberty Hills on October 29, 2025, and pursuant to Chapter 372.009, a public hearing is required to create a Public Improvement District. The Development Agreement was approved on May 14, 2024, which states that the city will use reasonable efforts to create the PID(s) for the Liberty Hills Development. This development will bring significant tax value to the city and include higher construction standards, limited sale of property to institutional investors, and a large commercial corridor. FINANCIAL IMPACT: N/A BACKGROUND: STRATEGIC CONNECTIONS: This item supports the City of Anna Strategic Plan, specifically advancing the strategic outcome area: Vibrant. ATTACHMENTS: 1. Resolution Creating Liberty Hills PID No. 3 v1 CERTIFICATE FOR RESOLUTION THE STATE OF TEXAS COLLIN COUNTY CITY OF ANNA We, the undersigned officers of the City of Anna, Texas (the "City"), hereby certify as follows: 1. The City Council (the "Council") of the City convened in a regular meeting on December 9, 2025, at the regular designated meeting place, and the roll was called of the duly constituted officers and members of the Council, to wit: Pete Cain, Mayor Kelly Patterson-Herndon, Council Member Kevin Toten, Mayor Pro Tem Elden Baker, Council Member Stan Carver II, Deputy Mayor Pro-Tem Manny Singh, Council Member Nathan Bryan, Council Member Marc Marchand, Acting City Manager Carrie Land, City Secretary and all of said persons were present, except _____________________________________________, thus constituting a quorum. Whereupon, among other business the following was transacted at said meeting: a written A RESOLUTION REGARDING THE CREATION OF THE LIBERTY HILLS PUBLIC IMPROVEMENT DISTRICT NO. 3 AND ORDERING PUBLIC IMPROVEMENTS TO BE MADE FOR THE BENEFIT OF SUCH DISTRICT; PROVIDING FOR A SEVERABILITY CLAUSE; PROVIDING AN EFFECTIVE DATE; AND CONTAINING OTHER MATTERS RELATING TO THE SUBJECT. was duly introduced for the consideration of the Council. It was then duly moved and seconded that said Resolution be passed; and, after due discussion, said motion, carrying with it the passage of said Resolution, prevailed and carried, with all members of the Council shown present above voting "Aye," except as noted below: NAYS: ABSTENTIONS: 2. A true, full, and correct copy of the aforesaid Resolution passed at the meeting described in the above and foregoing paragraph is attached to and follows this Certificate; said Resolution has been duly recorded in the Council's minutes of said meeting; the above and foregoing paragraph is a true, full, and correct excerpt from the Council's minutes of said meeting pertaining to the passage of said Resolution; the persons named in the above and foregoing paragraph are the duly chosen, qualified, and acting officers and members of the Council as indicated therein; that each of the officers and members of the Council was duly and sufficiently notified officially and personally, in advance, of the time, place, and purpose of the aforesaid meeting, and that said Resolution would be introduced and considered for passage at said meeting, and each of said officers and members consented, in advance, to the holding of said meeting for such purpose; and that said meeting was open to the public, and public notice of the time, place, and purpose of said meeting was given all as required by the Texas Government Code, Chapter 551. Signature Page to a Certificate for A RESOLUTION REGARDING THE CREATION OF THE LIBERTY HILLS PUBLIC IMPROVEMENT DISTRICT NO. 3 AND ORDERING PUBLIC IMPROVEMENTS TO BE MADE FOR THE BENEFIT OF SUCH DISTRICT; PROVIDING FOR A SEVERABILITY CLAUSE; PROVIDING AN EFFECTIVE DATE; AND CONTAINING OTHER MATTERS RELATING TO THE SUBJECT. 3. The Council has approved and hereby approves the Resolution; and the Mayor (or Mayor Pro Tem) and City Secretary hereby declare that their signing of this certificate shall constitute the signing of the attached and following copy of said Resolution for all purposes. SIGNED AND SEALED ON DECEMBER 9, 2025. ATTEST: ___________________________________ Pete Cain, Mayor ___________________________________ Carrie L. Land, City Secretary (SEAL) more than fifty percent (50%) of the area of all real property that is liable for assessment under the proposal; (b) the proposed public improvements described in the Petition are of the nature of the public improvements described in Section 372.003 of the Act and are advisable and desirable improvements for the District; (c) the proposed public improvements will promote the interests of the City and are of the nature that will confer a special benefit on the Property within the District by enhancing the value of such Property located within the District; (d) the general nature of the proposed public improvements and estimated costs thereof are set forth and described in Exhibit B attached hereto and made a part hereof for all purposes; (e) the boundaries of the District include all of the Property that is set forth and described in Exhibit A attached hereto and made a part hereof for all purposes; (f) the assessment of costs of the proposed improvements will be levied on each parcel of property within the District in a manner that results in imposing equal shares of the costs on property similarly benefitted; (g) the costs of the improvements shall be apportioned between the District and City such that all such costs are paid from the assessments levied on the Property within the District and other sources available to the owners and developers of the Property within the District, as further described in Exhibit B; and (h) the District shall be managed without the creation of an advisory body. Section 3. Based on the foregoing, the District is hereby created as a public improvement district under the Act in accordance with the findings of the City Council as to the advisability of the public improvements described in Exhibit B, the nature and the estimated costs of the public improvements, the boundaries of the District, the method of assessment, and the apportionment of costs as described herein, which are authorized to be made in accordance with the service and assessment plan to be approved by the City Council. Section 4. The City Council hereby authorizes and directs the City Secretary, on or before December 16, 2025, in accordance with the Act, to file this Resolution with the County Clerk of Collin County, Texas. Section 5. If any section, article, paragraph, sentence, clause, phrase or word in this resolution or application thereof to any persons or circumstances is held invalid or unconstitutional by a court of competent jurisdiction, such holding shall not affect the validity of the remaining portions of this resolution; and the City Council hereby declares it would have passed such remaining portions of the resolution despite such invalidity, which remaining portions shall remain in full force and effect. Section 6. This Resolution has been approved by majority vote of all members of the City Council and constitutes the improvement order establishing and creating the District in accordance with the Act. Section 7. This Resolution shall take effect immediately from and after the date of its passage in accordance with law. 2 PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS, THIS 9TH DAY OF DECEMBER, 2025. Pete Cain, Mayor ATTEST: Carrie L. Land, City Secretary EXHIBIT A LEGAL DESCRIPTION OF THE PROPERTY EXHIBIT B PROPOSED IMPROVEMENTS AND ESTIMATED COSTS Nature of the Authorized Improvements: The general nature of the proposed public improvements may include (a) acquisition, construction and improvements, and maintenance of the improvements, consisting of (i) street and roadway improvements, including related sidewalks, drainage, utility relocation, signalization, landscaping, lighting, signage, off-street parking and right-of-way; (ii) establishment or improvement of parks and open space, together with the design, construction of any ancillary structures, features or amenities such as trails, playgrounds, walkways, lighting and any similar items located therein; (iii) sidewalks and landscaping, including entry monuments and features, fountains, lighting and signage; (iv) acquisition, construction, and improvement of water, wastewater and drainage improvements and facilities and facilities related thereto; (v) acquisition of real property, interests in real property, or contract rights in connection with the Authorized Improvements (as defined below); (vi) payment of costs, including, without limitation, design, engineering, permitting, legal, required payment, performance and maintenance bonds, bidding, support, construction, construction management, administrative and inspection costs, associated with developing and financing the public improvements listed in (i) through (v) above; (vii) payment of costs associated with operating and maintaining the public improvements listed in (i) through (v) above; (viii) payment of costs of establishing, administering, and operating the District, as well as the interest, costs of issuance, reserve funds, or credit enhancement of bonds issued for the purposes described in (i) through (viii) above (collectively, the “Authorized Improvements”); and (b) the payment of expenses incurred in the establishment, administration, and operation of the District, including maintenance costs, costs of issuance, funding debt service and capitalized interest reserves and credit enhancement fees of any bonds issued by or on behalf of the District, if necessary. These Authorized Improvements shall promote the interests of the City and confer a special benefit upon the Property. Estimated Costs of the Authorized Improvements and Apportionment of Costs: The estimated total costs of the Authorized Improvements is $5,000,000.00, which costs shall be paid by assessment of the property owners within the proposed District. The City will not be obligated to provide any funds to finance the Authorized Improvements, other than from assessments levied on the Property. The developer of the property (the “Developer”) may also pay certain costs of the Authorized Improvements from other funds available to the Developer. Item No. 7.j. City Council Agenda Staff Report Meeting Date: 12/9/2025 Staff Contact: Joey Grisham AGENDA ITEM: First Reading of a Resolution approving a loan agreement between the Anna Community Development Corporation and Government Capital Corporation to finance land acquisition. (Director of Economic Development Joey Grisham) SUMMARY: Two readings of the Resolution are required prior to authorization of the agreement. The Resolution is included in the proceeding item approving an agreement between the CDC and Government Capital. The CDC Board authorized the agreement on November 13, 2025. This is the first reading of the Resolution. The presiding officer should read the following: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS RATIFYING AND AUTHORIZING THE ANNA COMMUNITY DEVELOPMENT CORPORATION TO ENTER INTO A LOAN AGREEMENT WITH GOVERNMENT CAPITAL CORPORATION TO FINANCE LAND ACQUISITION. FINANCIAL IMPACT: BACKGROUND: See Next Item STRATEGIC CONNECTIONS: This item supports the City of Anna Strategic Plan, specifically advancing the strategic outcome area: Vibrant. ATTACHMENTS: Item No. 7.k. City Council Agenda Staff Report Meeting Date: 12/9/2025 Staff Contact: Joey Grisham AGENDA ITEM: Second Reading of a Resolution approving a loan agreement between the Anna Community Development Corporation and Government Capital Corporation to finance land acquisition. (Director of Economic Development Joey Grisham) SUMMARY: Two readings of the Resolution are required prior to authorization of the agreement. The Resolution is included in the proceeding item approving an agreement between the CDC and Government Capital. The CDC Board authorized the agreement on November 13, 2025. This is the second reading of the Resolution. The presiding officer should read the following: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS RATIFYING AND AUTHORIZING THE ANNA COMMUNITY DEVELOPMENT CORPORATION TO ENTER INTO A LOAN AGREEMENT WITH GOVERNMENT CAPITAL CORPORATION TO FINANCE LAND ACQUISITION. FINANCIAL IMPACT: BACKGROUND: See Next Item STRATEGIC CONNECTIONS: This item supports the City of Anna Strategic Plan, specifically advancing the strategic outcome area: Vibrant. ATTACHMENTS: Item No. 7.l. City Council Agenda Staff Report Meeting Date: 12/9/2025 Staff Contact: Joey Grisham AGENDA ITEM: Consider/Discuss/Action on a Resolution approving a loan agreement between the Anna Community Development Corporation and Government Capital Corporation to finance land acquisition. (Director of Economic Development Joey Grisham) SUMMARY: Staff has been working with Government Capital on financing for other real estate acquisitions near the intersection of SH 5 and FM 455. This resolution allows us to continue and move forward with acquiring additional property. FINANCIAL IMPACT: BACKGROUND: The CDC Board of Directors approved a Resolution at the CDC/EDC Joint Board Meeting that was held November 13, 2025, approving an agreement between the CDC and Government Capital, the issuance of one or more promissory notes to pay the costs of a project, and other matters incident and related thereto for a project not to exceed $6,191,500. STRATEGIC CONNECTIONS: This item supports the City of Anna Strategic Plan, specifically advancing the strategic outcome area: Vibrant. ATTACHMENTS: 1. Anna CDC Series C - Resolution of the City CERTIFICATE OF CITY SECRETARY THE STATE OF TEXAS § COUNTY OF COLLIN § CITY OF ANNA § I, the undersigned, City Secretary of the City of Anna, Texas DO HEREBY CERTIFY as follows: 1. On December 9, 2025, a regular meeting of the City Council of the City of Anna, Texas, was held at a meeting place within the City; the duly constituted members of the Council being as follows: Pete Cain Mayor Stan Carver II Deputy Mayor Pro Tem Elden Baker Councilmember Kevin Toten Kelly Patterson-Herndon Mayor Pro Term Councilmember Manny Singh Councilmember Nathan Bryan Councilmember and all of said persons were present at said meeting, except the following: ______________. Among other business considered at said meeting, the attached resolution entitled: . was introduced and submitted to the City Council for passage and adoption. After presentation and due consideration of the resolution, and upon a motion made and seconded, the resolution was duly passed and adopted by the Council to be effective immediately by the following vote: AYES: All members of the City Council shown present above voted “Aye”, except as noted below, NOES: ______________________________ ABSTAIN: ______________________________ all as shown in the official Minutes of the City Council for the meeting held on the aforesaid date. 2. The attached resolution is a true and correct copy of the original on file in the official records of the City; the duly qualified and acting members of the City Council on the date of the aforesaid meeting are those persons shown above and, according to the records of my office, advance notice of the time, place and purpose of said meeting was given to each member of the Council; and that said meeting, and deliberation of the aforesaid public business, was open to the public and written notice of said meeting, including the subject of the above-entitled resolution, was posted and given in advance thereof in compliance with the provisions of V.T.C.A., Chapter 551, Government Code, as amended. RESOLUTION NO. ______________ . , the Anna Community Development Corporation (the “Corporation”) has been duly created and organized pursuant to the provisions of Chapter 505, Local Government Code, as amended (formerly Section 4B of the Development Corporation Act of 1979, Article 5190.6, Texas Revised Civil Statutes Annotated, as amended) (the “Act”) by the City of Anna, Texas (the “City”); and , pursuant to the Act, the Corporation is empowered to undertake, and to borrow money for the purpose of financing the cost of, any “project” defined as such by the Act; and the Board has determined that it is advisable to undertake the acquisition of real property in the City which will promote new or expanded business development in the City (the “Project”); and , the Corporation proposes to enter into a Loan Agreement (as amended, restated, supplemented and/or otherwise modified, the “Loan Agreement”) with Government Capital Corporation, as lender (“Lender”), to enable the Corporation to pay the costs of the Project, and as security for the payment of the principal of and interest thereon, the Corporation has agreed to pledge its economic development sales and use taxes. The loan shall be evidenced by a taxable promissory note issued by the Corporation in the principal amount not to exceed $6,191,500 (the “Note”). All capitalized terms used herein, but not otherwise defined herein, shall have the meaning ascribed to such term in the Loan Agreement. , the Corporation proposes to enter into a Sales Tax Remittance Agreement, (as amended, restated, supplemented and/or otherwise modified, the “Sales Tax Remittance Agreement”) with the City pursuant to which, among other things, the Corporation will pledge its sales tax revenues to the Lender to secure repayment of the Note; and , the Act requires the City Council of the City approve the resolution of the Corporation providing for the execution and delivery of the Loan Agreement. Section 1. The Resolution approving the Loan Agreement and authorizing the issuance of the Note adopted by the Corporation (the “Corporation Resolution”) on November 13, 2025, and submitted to the City Council this day, is hereby approved in all respects. The Note is being issued to pay the costs of the Project. Section 2. The approvals herein given are in accordance with the Act, and the Note shall never be construed as an indebtedness or pledge of the City, or the State of Texas (the “State”), within the meaning of any constitutional or statutory provision, and the owner(s) of the Note shall never be paid in whole or in part out of any funds raised or to be raised by taxation (other than sales tax proceeds as authorized pursuant to Chapter 505 of the Act) or any other revenues of the Corporation, the City, or the State, except those revenues assigned and pledged by the Loan Agreement and the Sales Tax Remittance Agreement. Section 3. The City hereby agrees to promptly collect and remit to the Corporation the Economic Development Sales and Use Tax (defined in the Loan Agreement) to provide for the prompt payment of the Note, and to assist and cooperate with the Corporation in the enforcement and collection of sales and use taxes imposed on behalf of the Corporation. Section 4. The Sales Tax Remittance Agreement with respect to the obligations of the City and Corporation during the time the Note is outstanding, is hereby approved as to form and substance finally determined by the Mayor or City Manager. Furthermore, the Mayor and the City Secretary and the other officers of the City are hereby authorized, jointly and severally, to execute and deliver such endorsements, instruments, certificates, documents, or papers necessary and advisable to carry out the intent and purposes of this Resolution. Section 5. It is officially found, determined, and declared that the meeting at which this Resolution is adopted was open to the public and public notice of the time, place, and subject matter of the public business to be considered at such meeting, including this Resolution, was given, all as required by V.T.C.A. Government Code, Chapter 551, as amended. Section 6. This Resolution shall be in force and effect from and after its passage on the date shown below. [REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] PASSED AND ADOPTED, this __________________, 2025. CITY OF ANNA, TEXAS Pete Cain, Mayor ATTEST: Carrie Land, City Secretary Item No. 7.m. City Council Agenda Staff Report Meeting Date: 12/9/2025 Staff Contact: Joey Grisham AGENDA ITEM: Conduct a Public Hearing and Consider/Discuss/Action on an Ordinance of the City Council of the City of Anna, Texas, designating a geographic area located within the corporate limits and extraterritorial jurisdiction of the City as a Tax Increment Reinvestment Zone pursuant to Chapter 311 of the Texas Tax Code, to be known as Reinvestment Zone Number Seven, City of Anna, Texas; describing the boundaries of the zone; creating a Board of Directors for the zone and appointing members of the board; establishing a Tax Increment Fund (TIRZ No. 7 Fund) for the zone, containing findings related to the creation of the zone; providing a date for the termination of the zone; providing that the zone take effect immediately upon passage of the ordinance; providing a severability clause; and providing an effective date. (Director of Economic Development Joey Grisham) SUMMARY: The proposed Tax Increment Reinvestment Zone Number Seven, City of Anna, Texas (TIRZ No. 7) is being presented and requested for approval in accordance with the Liberty Hills Development Agreement, effective as of May 14, 2024, in which the City will contribute 50% of the captured appraised value of the TIRZ to the TIRZ No. 7 Fund for a period of 40 years. This item, if approved, will create Reinvestment Zone Number Seven, City of Anna, Texas (TIRZ No. 7), which covers the Liberty Hills development and additional property, consisting of 1,477.61 acres. In addition to the creation of TIRZ No. 7, this item will also appoint the TIRZ No. 7 Board. After the payment of TIRZ administrative costs, applicable TIRZ No. 7 Fund revenues will be available to be used in accordance with the Development Agreement on a parcel-by-parcel basis, including but not limited to offsetting a portion of the PID Assessments and/or funding Chapter 380 Grants to incentivize development on the Mixed-Use property. Any TIRZ No.7 Fund revenues not obligated under the Development Agreement shall be available to be used at the City Council’s discretion, as allowed under Chapter 311. The proposed boundary of TIRZ No. 7 and the Preliminary Project and Finance Plan are attached as Exhibits to this ordinance. Per the statute, notice was published and the Preliminary Project and Finance Plan was placed on file with the City Secretary no later than seven (7) days prior to this public hearing. FINANCIAL IMPACT: 50% for 40 years. BACKGROUND: The purpose of this item is to hold a Public Hearing and consider an ordinance creating TIRZ #7 for the Liberty Hills Development. STRATEGIC CONNECTIONS: This item supports the City of Anna Strategic Plan, specifically advancing the strategic outcome area: Vibrant. ATTACHMENTS: 1. 2025-11-24_ANN_Liberty Hills TIRZ#7_Creation Ordinance_v2.0 2. 2025-11-25_ANN_Liberty Hills_TIRZ #7 PPFP v1.5 CITY OF ANNA, TEXAS the City of Anna, Texas (the "City"), pursuant to Chapter 311 of the Texas Tax Code, as amended (the "Act"), may designate a geographic area within the corporate limits and extraterritorial jurisdiction of the City as a tax increment reinvestment zone if the area satisfies the requirements of the Act; and the City Council of the City (the “City Council”) desires for the City to consider the creation of the tax increment reinvestment zone in the City consisting of approximately 1,477.61 acres depicted in Exhibit A and identified within Exhibit B attached hereto (the “Property”); and pursuant to and as required by the Act, the City Council prepared a Reinvestment Zone Number Seven, City of Anna, Texas, Preliminary Project and Finance Plan (the "Preliminary Project and Finance Plan") attached hereto as Exhibit B and incorporated herein for all purposes; and notice of the public hearing on the creation of the proposed zone was published in the Sherman Herald Democrat, a newspaper of general circulation within the City, on December 2, 2025, which date is not later than the seventh (7th) day before the public hearing held on December 9, 2025; and at the public hearing on December 9, 2025, interested persons were allowed to speak for or against the creation of the zone, the boundaries of the zone, and the concept of tax increment financing, and owners of property in the proposed zone were given a reasonable opportunity to protest the inclusion of their property in the zone; and WHEREAS, evidence was received and presented at the public hearing in favor of the creation of the zone; and WHEREAS, the City has taken all actions required to create the zone including, but not limited to, all actions required by the Act, the Texas Open Meetings Act, and all other laws applicable to the creation of the zone; and WHEREAS, the City desires to appoint initial members to the board of directors of the zone; and WHEREAS, terms used in this Ordinance that have their initial letters capitalized shall have the meanings given to them in this Ordinance; however, terms that are CAPITALIZED IN BOLD shall have the meanings given to them in the Preliminary Project and Finance Plan. NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS: SECTION 1. FINDINGS. (a) The recitals, findings, and determinations contained in the preamble to this Ordinance are incorporated into the body of this Ordinance as if fully set forth in this Section and are hereby found and declared to be true and correct legislative findings and are adopted as part of this Ordinance for all purposes. (b) The City Council finds that the PUBLIC IMPROVEMENTS will significantly enhance the value of all the taxable real property in the zone and will be of general benefit to the City. (c) The City Council finds that the proposed zone meets the requirements of Section 311.005(a)(2) of the Act in that: (i) there is a need for essential public infrastructure and economic development programs to attract new business and commercial activity to the proposed zone for the purposes of increasing the real property tax base for all taxing units within the zone, increasing sales and use taxes for the City and the State of Texas, and increasing job opportunities for residents of the City and the region; and (ii) the proposed zone, as shown in Exhibit A, meets the criteria for the creation of a reinvestment zone set forth in Section 311.005 of the Act in that the area is predominantly open or undeveloped and, because of obsolete platting, deterioration of structures or site improvements, or other factors, substantially impairs and arrests the sound growth of the municipality; and (iii) these factors substantially impair and arrest the sound growth of the City. (d) The City Council finds that the proposed zone is a geographic area 100% within the City’s corporate limits or extraterritorial jurisdiction. (e) The City Council finds that not more than thirty percent (30%) of the property in the proposed zone, excluding property that is publicly owned, is used for residential purposes, and the total appraised value of taxable real property in the proposed zone and in existing reinvestment zones does not exceed fifty percent (50%) of the total appraised value of taxable real property in the City and in the industrial districts created by the City. (f) The City Council finds that the development or redevelopment of the property in the proposed zone will not occur solely through private investment in the reasonably foreseeable future. (g) The City Council finds that the Preliminary Project and Finance Plan is feasible. (h) The City Council finds that the implementation of the Project and Finance Plan (as defined below) will alleviate the conditions described in Section 1(c) above and will serve a public purpose. SECTION 2. DESIGNATION AND NAME OF THE ZONE. Pursuant to the authority of, and in accordance with the requirements of the Act, the City Council hereby designates the Property as a tax increment reinvestment zone. The name assigned to the zone for identification is Reinvestment Zone Number Seven, City of Anna, Texas (the "Zone"). The Zone is designated pursuant to Section 311.005(a)(2) of the Act. SECTION 3. BOARD OF DIRECTORS. 3.1 The City Council hereby creates a board of directors for the Zone (the "Board") consisting of seven members. 3.2 The City Council hereby appoints the following individuals to serve as the initial members of the Board for the terms indicated: Place 1 Mayor (term expires December 31, 2027) Place 2 Council Place 1 (term expires December 31, 2027) Place 3 Council Place 2 (term expires December 31, 2028) Place 4 Council Place 3 (term expires December 31, 2026) Place 5 Council Place 4 (term expires December 31, 2028) Place 6 Council Place 5 (term expires December 31, 2026) Place 7 Council Place 6 (term expires December 31, 2028) Upon expiration of the indicated terms or upon City Council action to reconstitute the initial Board by appointing replacement members, subsequent appointments to fill vacancies shall be for terms of two years. The member appointed to Place 1 shall serve as the chairman of the Board. The Board is authorized to elect a vice-chairman and other officers as determined by the Board. 3.3 The Board shall make recommendations to the City Council concerning the administration, management, and operation of the Zone. The Board shall prepare or cause to be prepared and adopted a project plan and a reinvestment zone financing plan for the Zone (the "Project and Finance Plan") as required by the Act, and shall submit the Project and Finance Plan to the City Council for approval. The Board may enter into agreements as the Board considers necessary or convenient to implement the Project and Finance Plan and reimburse PROJECT COSTS from the TIRZ NO. 7 FUND established pursuant to Section 7 of this Ordinance. 3.4 Directors shall not receive any salary or other compensation for their services as directors. 3.5. Pursuant to Section 311.010(h) of the Act and Article III, Section 52-a of the Texas Constitution, the City Council hereby authorizes the Board, as necessary or convenient to implement the Project and Finance Plan and achieve its purposes, to establish and provide for the administration of one or more programs for the public purposes of developing and diversifying the economy of the Zone, eliminating unemployment and underemployment in the Zone, and developing or expanding transportation, business, and commercial activity in the Zone, including programs to make grants of land and buildings and make grants from the TIRZ NO. 7 FUND for activities that benefit the Zone and stimulate business and commercial activity in the Zone. In addition, the City Council hereby authorizes the Board to exercise all of the powers of the City under Chapter 380, Texas Local Government Code, as amended. SECTION 4. DURATION OF THE ZONE. The Zone shall take effect immediately upon the passage and approval of this Ordinance. The Zone shall terminate on December 31, 2065 (with final year's tax due by January 31, 2066), unless otherwise terminated in accordance with this section. The City shall have the right to terminate the Zone prior to the expiration of its stated term if all of the PROJECT COSTS have been paid in full. If upon expiration of the stated term of the Zone, PROJECT COSTS have not been paid, the City shall have no obligation to pay the shortfall. SECTION 5. TAX INCREMENT BASE. The "Tax Increment Base" for purposes of calculating the CITY TIRZ INCREMENT, , and means the total appraised value of all real property in the Zone that is taxable by the City as of January 1, 2025. SECTION 6. CAPTURED APPRAISED VALUE. The “Captured Appraised Value” for purposes of calculating the annual CITY TIRZ INCREMENT means the total real property value taxable (including increase tax values attributable to changes in use) by a taxing unit for a year and located in the Zone for that year less the tax increment base of the unit. SECTION 7. TAX INCREMENT FUND. There is hereby created and established a TIRZ NO. 7 FUND for the Zone. Within the TIRZ NO. 7 FUND, there may be maintained subaccounts as necessary and convenient to carry out the purposes of the Act. The CITY TIRZ INCREMENT shall be deposited into the TIRZ NO. 7 FUND as of the effective date of the Zone. The TIRZ NO. 7 FUND and all subaccounts shall be maintained at the depository bank of the City and shall be secured in the manner prescribed by law for funds of Texas cities. Prior to termination of the Zone, funds shall be disbursed from the TIRZ NO. 7 FUND only to pay PROJECT COSTS. TIRZ NO. 7 FUND shall consist of (i) the percentage of the tax increment, as defined by Section 311.012(a) of the Texas Tax Code, that each taxing unit which levies real property taxes in the Zone, other than the City, has elected to dedicate to the TIRZ NO. 7 FUND under an agreement with the City authorized by Section 311.013(f) of the Texas Tax Code, and (ii) fifty percent (50%) of the City’s tax increment as defined by section 311.012(a) of the Texas Tax Code (CITY TIRZ INCREMENT), subject to any binding agreement executed at any time by the City that pledges a portion of such tax increment or an amount of other legally available funds whose calculation is based on receipt of any portion of such tax increment. PASSED, APPROVED, AND ADOPTED ON THIS 9th DAY OF DECEMBER, 2025. ATTEST: APPROVED AS TO FORM AND LEGALITY: EXHIBIT B [REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] REINVESTMENT ZONE NUMBER SEVEN, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN DECEMBER 9, 2025 REINVESTMENT ZONE NUMBER SEVEN, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 1 TABLE OF CONTENTS REINVESTMENT ZONE NUMBER SEVEN, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 2 SECTION 1: DEFINITIONS Capitalized terms used in this Preliminary Plan shall have the meanings given to them in Section I below unless otherwise defined in this Preliminary Plan or unless the context in which a term is used clearly requires a different meaning. Unless otherwise defined, a reference to a “Section,” or an “Exhibit,” shall be a reference to a Section of this Preliminary Plan or an Exhibit or Appendix attached to and made a part of this Preliminary Plan for all purposes. “Act” means Chapter 311, Texas Tax Code, Tax Increment Financing Act, as amended. “Administrative Costs” means the actual, direct costs paid or incurred by or on behalf of the City to administer the Zone, including planning, engineering, legal services, organizational costs, publicizing costs, or implementations costs paid by or on behalf of the City that are directly related to the administration of the Zone. “Appraisal District” means the Collin Central Appraisal District. “Assessment(s)” means the special assessments levied on the Property pursuant to the PID Act on a phase-by-phase basis, under one or more Assessment Ordinances adopted on a phase-by- phase basis to reimburse the Developers on a phase-by-phase basis for a portion of the PID Projects benefitting the applicable phase(s) as set forth in the Service and Assessment Plan, as well as payment of Administrative Expenses and repayment of the PID Bonds and the costs associated with the issuance of the PID Bonds. “Board” means the Board of Directors for the Zone. “Captured Appraised Value” means the new taxable value generated in addition to the Tax Increment Base on a parcel-by-parcel basis for each year during the term of the Zone, as calculated and confirmed annually by the Appraisal District. “City” means the City of Anna, Texas. “City Council” means the governing body of the City. “City TIRZ Increment” means the portion of the City’s ad valorem tax increment equal to fifty percent (50%) of the ad valorem real property taxes collected and received by the City on the Captured Appraised Value in the Zone., as further described in Section 12. “County” means Collin County, Texas. “Creation Ordinance” means Ordinance No. _____ adopted by the City Council on December 9, 2025, designating the creation of the Zone and the Board. “Developer” means Liberty 800, LP. and its successors or assigns. REINVESTMENT ZONE NUMBER SEVEN, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 3 “Development Agreement” means that certain Liberty Hills Development Agreement between the City and the Developer, effective as of May 14, 2024. “Economic Development Agreement” means any future 380 economic development TIRZ agreement to be entered into by the City, the Developer, and the Board detailing the economic development grant to the Developer pursuant to Chapter 380, Texas Local Government Code. “Economic Development Program” means the economic development program authorized by the Economic Development Provision, which allows the TIRZ Board, subject to the approval of the City Council, to establish and provide for the administration of one or more programs necessary or convenient to implement and achieve the purposes of the Final Plan, which programs are for the public purposes of developing and diversifying the economy of the Zone and developing business and commercial activity within the Zone, and may include programs to make grants of any lawfully available money from the TIRZ No. 7 Fund, including activities that benefit the Zone and stimulate business and commercial activity in the Zone. “Economic Development Provision” means Section 311.010(h) of the Act, Chapter 380 of the Texas Local Government Code, and Article III, Section 52-a, Texas Constitution, as amended. Feasibility Study” means the economic feasibility study as projected over the term of the Zone and focused only on direct financial benefits of increased ad valorem tax revenue anticipated to be generated by development within the Zone, as shown on Exhibit E. “Final Plan” means this Reinvestment Zone Number Seven, City of Anna, Texas Final Project and Finance Plan to be considered by the Board and City Council “Mixed Use Subzone” means any area within the Zone designated for mixed-use development, which may include commercial, multi-family, retail or other similar uses as further defined in the Development Agreement. “Non-Project Costs” means those certain costs that will be spent to develop in the Zone, but will not be financed by the Zone, and will be financed by private funds, as described in Section 6, and shown on Exhibit B. PID Bonds” means debt issued by the Public Improvement District to finance all or a portion of the Public Improvements, as further described in the Service and Assessment Plan. “Public Improvement District (PID)” means the Liberty Hills Public Improvement District, which shall consist of the Property, to be created by City Council pursuant to the Development Agreement. Preliminary Plan” means this Reinvestment Zone Number Seven, City of Anna, Texas Preliminary Project and Finance Plan, as approved by the Creation Ordinance. REINVESTMENT ZONE NUMBER SEVEN, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 4 “Project Costs” means the total costs for projects in the Zone, including the actual costs of the Public Improvements, and the Administrative Costs. Property” means 1,477.61 acres of land as depicted on Exhibit A and identified on Exhibit H. Public Improvements” means the proposed public improvements to be financed by the Zone and the PID, which includes pavement, storm sewer, water, sewer, contingencies & soft costs, and associated financing and interest costs as detailed on Exhibit C and identified on Exhibit G. “Service and Assessment Plan” means that certain PID Service and Assessment Plan to be adopted by the City, and amended or updated from time to time, pursuant to the Development Agreement. “Single-Family Subzone” means any area within the Zone designated for single-family residential development, which may include townhomes or other attached residential product, as further defined in the Development Agreement. “TIRZ Agreement” means any future TIRZ reimbursement agreement entered into between the Developer, the Board, and the City. TIRZ Credit” means the TIRZ Annual Credit Amount designated towards the principal and interest portion of the Annual Installment for the Assessed Property, as will be further defined and described in the Service and Assessment Plan. Tax Increment Base” means total appraised value of taxable real property in the Zone at the time of creation of the Zone, as calculated and certified by the Appraisal District. TIRZ No. 7 Fund” means the tax increment fund created by the City and segregated from all other funds of the City. Zone” means Reinvestment Zone Number Seven, City of Anna, Texas, as depicted on Exhibit A, and identified on Exhibit H. REINVESTMENT ZONE NUMBER SEVEN, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 5 SECTION 2: INTRODUCTION 2.1 Authority and Purpose The City has the authority under the Act to designate a contiguous or noncontiguous geographic area within the corporate limits or extraterritorial jurisdiction of the City as a tax increment reinvestment zone to promote development or redevelopment of the area because the City Council determined that development or redevelopment would not occur solely through private investment in the reasonably foreseeable future, that the Zone is economically feasible, and that creation of the Zone is in the best interest of the City and the property in the Zone. The purpose of the Zone is to facilitate such development or redevelopment by financing the costs of public works, public improvements, programs, and other projects benefiting the Zone, plus other costs incidental to those expenditures, all of which costs are authorized by the Act. 2.2 Eligibility Requirements An area is eligible under the Act to be designated as a tax increment reinvestment zone if the area: 1) substantially arrests or impairs the sound growth of the municipality designating the Zone, retard the provision of housing accommodations, or constitutes an economic or social liability and is a menace to the public health, safety, morals, or welfare in its present condition; or 2) is predominantly open or undeveloped and, because of obsolete platting, deterioration of structures or site improvements, or other factors, substantially impairs or arrests the sound growth of the City; or 3) is in a federally assisted new community located in the City or in an area immediately adjacent to a federally assisted new community; or 4) is in an area described in a petition requesting that the area be designated as a reinvestment zone, if the petition is submitted to the governing body of the City by the owners of property constituting at least fifty percent (50%) of the appraised value of the property in the area according to the most recent certified appraisal roll for the county in which the area is located. The City cannot, however, designate a zone if more than thirty percent (30%) of the property in the proposed zone, excluding property that is publicly owned, is used for residential purposes, or if the total appraised value of taxable real property in the proposed zone and in existing reinvestment zones exceeds fifty percent (50%) of the total appraised value of taxable real property in the City and in industrial districts created by the City. REINVESTMENT ZONE NUMBER SEVEN, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 6 2.3 The Zone The Property is predominantly open, undeveloped or underdeveloped, and substantially impairs and arrests the sound growth of the City. Due to its size, location, and physical characteristics development would not occur solely through private investment in the foreseeable future. The Property lacks public infrastructure and requires economic incentive to attract development for the purpose of providing long-term economic benefits including, but not limited to, increased real property tax base for all taxing units in the Zone. If the Public Improvements are financed as contemplated by the Final Plan, the City envisions that the Property will be developed to take full advantage of the opportunity to bring to the City a quality development. Before the City Council adopted the Creation Ordinance, the City Council must prepare a preliminary reinvestment zone project and finance plan in accordance with the Act and hold a public hearing on the creation of the Zone and its benefits to the City and to the Property, at which public hearing interested persons shall be given the opportunity to speak for and against the creation of the Zone, the boundaries of the Zone and the concept of tax increment financing, and at which hearing the owners of the Property shall be given a reasonable opportunity to protest the inclusion of their Property in the Zone. The requirement of the Act for a preliminary reinvestment zone project and finance plan was satisfied by this Preliminary Plan, the purpose of which was to describe, in general terms, the Public Improvements that will be undertaken and financed by the Zone. A description of how such Public Improvements and projects will be undertaken and financed shall be determined by the Final Plan, which requires approval by the Board and City Council. Upon the closing of the above referenced public hearing, the City Council shall consider the Creation Ordinance and the following findings: 1) that development or redevelopment of the Property would not occur solely through private investment in the reasonably foreseeable future, 2) that the Zone was feasible, 3) that improvements in the Zone will significantly enhance the value of all the taxable real property in the Zone and will be of general benefit to the City, and 4) that the Zone meets the eligibility requirements of the Act. Among other provisions required by the Act, the Creation Ordinance shall appoint the Board. REINVESTMENT ZONE NUMBER SEVEN, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 7 2.6 Board Recommendations After the creation of the Zone, the Board shall review the Final Plan and recommend its approval to the City Council pursuant to which the City shall contribute the City TIRZ Increment into the TIRZ No. 7 Fund, in accordance with the Final Plan, to pay a portion of the Project Costs benefiting the Zone. SECTION 3: DESCRIPTION AND MAPS The Property is wholly located within the corporate limits and extraterritorial jurisdiction of the City. The Property is primarily undeveloped or underdeveloped, and there is limited and inadequate public infrastructure to support development. Development requires extensive public infrastructure that: (1) the City could not provide, and (2) would not be provided solely through private investment in the foreseeable future. The Property is intended to be developed as a mixed-use development, consisting of residential, retail, office, and commercial uses including open space and other public and private amenities, as shown on Exhibit F. The parcel identified on Exhibit H provide sufficient detail to identify with ordinary and reasonable certainty the territory included in the Zone. SECTION 4: PROPOSED CHANGES TO ORDINANCES, PLANS, CODES, RULES, AND REGULATIONS The Property within the Zone is wholly located within the corporate limits and extraterritorial jurisdiction of the City and is subject to the City’s zoning regulation, or shall be upon annexation. The City shall have exclusive jurisdiction over the subdivision and platting of the property within the Property and the design, construction, installation, and inspection of water, sewer, drainage, roadway, and other public infrastructure. No proposed changes to zoning ordinances, comprehensive plan, building codes, subdivision rules, or other municipal ordinances are planned. SECTION 5: RELOCATION OF DISPLACED PERSONS No person shall be displaced and in need of relocation due to the creation of the Zone or shall be due to the implementation of the Final Plan. REINVESTMENT ZONE NUMBER SEVEN, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 8 SECTION 6: ESTIMATED NON-PROJECT COSTS Non-Project Costs are costs that will be spent to develop in the Zone but will not be financed by the Zone, and will be financed by private funds. The list of Non-Project Costs is shown on Exhibit B and are estimated to be approximately $733,345,000. SECTION 7: PROPOSED PUBLIC IMPROVEMENTS 7.1 Categories of Public Improvements All Public Improvements shall be designed and constructed in accordance with all applicable City standards and shall otherwise be inspected, approved, and accepted by the City. At the City’s option, the Public Improvements may be expanded to include any other category of improvements authorized by the Act. 7.2 Locations of Public Improvements The estimated locations of the proposed Public Improvements are detailed on Exhibit G. These locations may be revised, with the approval of the City, from time to time without amending this Preliminary Plan. SECTION 8: ESTIMATED PROJECT COSTS 8.1 Project Costs The total costs are estimated to be $187,764,159, as detailed on Exhibit C. The costs of Public Improvements are estimated to be $187,181,787, and the Administrative Costs are estimated to be $582,372. 8.2 Administrative Costs The Administrative Costs are estimated to be $10,000 in the first year and escalating at two percent (2%) thereafter. The Administrative Costs shall be paid each year from the TIRZ No. 7 Fund before any other Project Costs are paid. 8.3 Estimated Timeline of Incurred Costs The Administrative Costs will be incurred annually through the remaining duration of the Zone. It is estimated the costs for constructing the Public Improvements will be incurred between 2026 and 2035, as shown on Exhibit D. REINVESTMENT ZONE NUMBER SEVEN, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 9 SECTION 9: ECONOMIC FEASIBILITY The Feasibility Study, as shown on Exhibit E, focuses on only direct financial benefits (i.e. ad valorem tax revenues from the development of Public Improvements in the Zone). Based on the Feasibility Study, during the term of the Zone, new development (which would not have occurred but for the Zone) will generate approximately $259,024,088 in total new real property tax revenue, and the contributing taxing entities will retain $129,512,044. The Feasibility Study shows the cumulative City TIRZ Increment is estimated to be $129,512,044, which will be available to pay a portion of the Project Costs, until the term expires or is otherwise terminated. The remainder of the new City real property tax revenue generated within the Zone and retained by the City is estimated to be $129,512,044 over the remaining term. One hundred percent (100%) of all taxing revenues generated for other taxing entities by the new development within the Zone will be retained by the respective taxing entities, unless the taxing entity participates in the Zone. Based on the foregoing, the feasibility of the Zone has been demonstrated. No tax increment reinvestment zone bonds or public indebtedness by the City secured by the tax increments pursuant to the Act, is contemplated. 11.1 Tax Increment Base The Tax Increment Base is estimated to be $15,841,471 as of January 1, 2025, and shall be confirmed by the Appraisal District. 11.2 Estimated Captured Appraised Value It is estimated that upon expiration of the term of the Zone, the total Captured Appraised Value of taxable real property in the Zone will be approximately $1,870,991,610 as shown on Exhibit E. The actual Captured Appraised Value, as certified by the Appraisal District each year, will be used to calculate annual payment by the City into the TIRZ No. 7 Fund pursuant to the Final Plan. 12.1 TIRZ No. 7 Fund Contributions The Final Plan shall obligate the City to deposit into the TIRZ No. 7 Fund each year the City TIRZ Increment. For example, in FY 2026, the City’s ad valorem tax rate is $0.525073 per $100 of REINVESTMENT ZONE NUMBER SEVEN, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 10 taxable value, therefore the City would contribute $0.525073 per $100 of the Captured Appraised Value in the Zone levied and collected, to the TIRZ No. 7 Fund. 12.2 Funding Mechanisms REINVESTMENT ZONE NUMBER SEVEN, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 11 City may amend the Final Plan in compliance with the Act, Development Agreement, Economic Development Agreement, and TIRZ Agreement, including but not limited to what is considered a Project Cost. SECTION 13: DURATION OF THE ZONE, TERMINATION 13.1 Duration 13.2 Termination REINVESTMENT ZONE NUMBER SEVEN, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 12 LIST OF EXHIBITS Unless otherwise stated, all references to "Exhibits" contained in this Preliminary Plan shall mean and refer to the following exhibits, all of which are attached to and made a part of this Preliminary Plan for all purposes. Exhibit A Map of the Zone Exhibit B Non-Project Costs Exhibit C Project Costs Exhibit D Estimated Timeline of Incurred Costs Exhibit E Feasibility Study Exhibit F Proposed Uses of the Property Exhibit G Maps of Public Improvements Exhibit H Parcel Identification REINVESTMENT ZONE NUMBER SEVEN, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 13 EXHIBIT A – MAP OF THE ZONE REINVESTMENT ZONE NUMBER SEVEN, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 14 EXHIBIT B – NON-PROJECT COSTS REINVESTMENT ZONE NUMBER SEVEN, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 15 EXHIBIT C – PROJECT COSTS REINVESTMENT ZONE NUMBER SEVEN, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 16 EXHIBIT D – ESTIMATED TIMELINE OF INCURRED COSTS REINVESTMENT ZONE NUMBER SEVEN, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 17 EXHIBIT E - FEASIBILITY STUDY REINVESTMENT ZONE NUMBER SEVEN, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 18 EXHIBIT F - PROPOSED USES OF THE PROPERTY REINVESTMENT ZONE NUMBER SEVEN, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 19 EXHIBIT G – MAPS OF PUBLIC IMPROVEMENTS REINVESTMENT ZONE NUMBER SEVEN, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 20 REINVESTMENT ZONE NUMBER SEVEN, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 21 REINVESTMENT ZONE NUMBER SEVEN, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 22 REINVESTMENT ZONE NUMBER SEVEN, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 23 REINVESTMENT ZONE NUMBER SEVEN, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 24 EXHIBIT H – PARCEL IDENTIFICATION Item No. 7.n. City Council Agenda Staff Report Meeting Date: 12/9/2025 Staff Contact: Joey Grisham AGENDA ITEM: Conduct a Public Hearing and Consider/Discuss/Action on an Ordinance of the City Council of the City of Anna, Texas, designating a geographic area located within the corporate limits and extraterritorial jurisdiction of the City as a Tax Increment Reinvestment Zone pursuant to Chapter 311 of the Texas Tax Code, to be known as Reinvestment Zone Number Eight, City of Anna, Texas; describing the boundaries of the zone; creating a Board of Directors for the zone and appointing members of the board; establishing a Tax Increment Fund (TIRZ No. 8 Fund) for the zone, containing findings related to the creation of the zone; providing a date for the termination of the zone; providing that the zone take effect immediately upon passage of the ordinance; providing a severability clause; and providing an effective date. (Director of Economic Development Joey Grisham) SUMMARY: The proposed Tax Increment Reinvestment Zone Number Eight, City of Anna, Texas (TIRZ No. 8) is being presented and requested for approval in accordance with the Oak Ridge Development Agreement, effective as of May 27, 2025, in which the City will contribute 100%* of the captured appraised value of the TIRZ to the TIRZ No. 8 Fund for a period of 49 years. This item, if approved, will create Reinvestment Zone Number Eight, City of Anna, Texas (TIRZ No. 8), which covers the Oak Ridge development consisting of 808.23 acres. In addition to the creation of TIRZ No. 8, this item will also appoint the TIRZ No. 8 Board. After the payment of TIRZ administrative costs, applicable TIRZ No. 8 Fund revenues will be available to be used in accordance with the Development Agreement on a parcel-by-parcel basis, including but not limited to offsetting a portion of the PID Assessments or funding the Chapter 380 Grant in lieu of PID Assessments. Any TIRZ No.8 Fund revenues not obligated under the Development Agreement* shall be available to be used at the City Council’s discretion, as allowed under Chapter 311. The proposed boundary of TIRZ No. 8 and the Preliminary Project and Finance Plan are attached as Exhibits to this ordinance. Per the statute, notice was published and the Preliminary Project and Finance Plan was placed on file with the City Secretary no later than seven (7) days prior to this public hearing. *Please note: The Developer had originally proposed creation of a MUD in the scenario that PID Bonds were not issued. To prevent the MUD creation, the City negotiated in the approved Development Agreement, that, in the scenario, PID Bonds were denied by the City Council, the Developer would be eligible to receive 100% of TIRZ No. 8 Fund revenues after city acceptance of the eligible improvements, on a phase-by-phase basis. If PID Bonds are issued as contemplated in the Development Agreement, the Developer will only receive 50% of the City TIRZ Increment to offset a portion of the PID Assessments. The remaining 50% not obligated to the Developer shall be available to the City. FINANCIAL IMPACT: The Developer had originally proposed creation of a MUD in the scenario that PID Bonds were not issued. To prevent the MUD creation, the City negotiated in the approved Development Agreement, that, in the scenario, PID Bonds were denied by the City Council, the Developer would be eligible to receive 100% of TIRZ No. 8 Fund revenues after city acceptance of the eligible improvements, on a phase-by-phase basis. If PID Bonds are issued as contemplated in the Development Agreement, the Developer will only receive 50% of the City TIRZ Increment to offset a portion of the PID Assessments. The remaining 50% not obligated to the Developer shall be available to the City. BACKGROUND: The purpose of this item is to hold a Public Hearing and consider an ordinance creating TIRZ #8 for the Oak Ridge Development. STRATEGIC CONNECTIONS: This item supports the City of Anna Strategic Plan, specifically advancing the strategic outcome area: Vibrant. ATTACHMENTS: 1. 2025-11-24_ANN_Oak Ridge TIRZ#8_Creation Ordinance_v2.0 2. 2025-11-25_ANN_Oak Ridge_TIRZ#8_PPFP v1.5 CITY OF ANNA, TEXAS the City of Anna, Texas (the "City"), pursuant to Chapter 311 of the Texas Tax Code, as amended (the "Act"), may designate a geographic area within the corporate limits and extraterritorial jurisdiction of the City as a tax increment reinvestment zone if the area satisfies the requirements of the Act; and the City Council of the City (the “City Council”) desires for the City to consider the creation of the tax increment reinvestment zone in the City consisting of approximately 808.23 acres depicted in Exhibit A and identified within Exhibit B attached hereto (the “Property”); and pursuant to and as required by the Act, the City Council prepared a Reinvestment Zone Number Eight, City of Anna, Texas, Preliminary Project and Finance Plan (the "Preliminary Project and Finance Plan") attached hereto as Exhibit B and incorporated herein for all purposes; and notice of the public hearing on the creation of the proposed zone was published in the Sherman Herald Democrat, a newspaper of general circulation within the City, on December 2, 2025, which date is not later than the seventh (7th) day before the public hearing held on December 9, 2025; and at the public hearing on December 9, 2025, interested persons were allowed to speak for or against the creation of the zone, the boundaries of the zone, and the concept of tax increment financing, and owners of property in the proposed zone were given a reasonable opportunity to protest the inclusion of their property in the zone; and WHEREAS, evidence was received and presented at the public hearing in favor of the creation of the zone; and WHEREAS, the City has taken all actions required to create the zone including, but not limited to, all actions required by the Act, the Texas Open Meetings Act, and all other laws applicable to the creation of the zone; and WHEREAS, the City desires to appoint initial members to the board of directors of the zone; and WHEREAS, terms used in this Ordinance that have their initial letters capitalized shall have the meanings given to them in this Ordinance; however, terms that are CAPITALIZED IN BOLD shall have the meanings given to them in the Preliminary Project and Finance Plan. NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS: SECTION 1. FINDINGS. (a) The recitals, findings, and determinations contained in the preamble to this Ordinance are incorporated into the body of this Ordinance as if fully set forth in this Section and are hereby found and declared to be true and correct legislative findings and are adopted as part of this Ordinance for all purposes. (b) The City Council finds that the PUBLIC IMPROVEMENTS will significantly enhance the value of all the taxable real property in the zone and will be of general benefit to the City. (c) The City Council finds that the proposed zone meets the requirements of Section 311.005(a)(2) of the Act in that: (i) there is a need for essential public infrastructure and economic development programs to attract new business and commercial activity to the proposed zone for the purposes of increasing the real property tax base for all taxing units within the zone, increasing sales and use taxes for the City and the State of Texas, and increasing job opportunities for residents of the City and the region; and (ii) the proposed zone, as shown in Exhibit A, meets the criteria for the creation of a reinvestment zone set forth in Section 311.005 of the Act in that the area is predominantly open or undeveloped and, because of obsolete platting, deterioration of structures or site improvements, or other factors, substantially impairs and arrests the sound growth of the municipality; and (iii) these factors substantially impair and arrest the sound growth of the City. (d) The City Council finds that the proposed zone is a geographic area 100% within the City’s corporate limits or extraterritorial jurisdiction. (e) The City Council finds that not more than thirty percent (30%) of the property in the proposed zone, excluding property that is publicly owned, is used for residential purposes, and the total appraised value of taxable real property in the proposed zone and in existing reinvestment zones does not exceed fifty percent (50%) of the total appraised value of taxable real property in the City and in the industrial districts created by the City. (f) The City Council finds that the development or redevelopment of the property in the proposed zone will not occur solely through private investment in the reasonably foreseeable future. (g) The City Council finds that the Preliminary Project and Finance Plan is feasible. (h) The City Council finds that the implementation of the Project and Finance Plan (as defined below) will alleviate the conditions described in Section 1(c) above and will serve a public purpose. SECTION 2. DESIGNATION AND NAME OF THE ZONE. Pursuant to the authority of, and in accordance with the requirements of the Act, the City Council hereby designates the Property as a tax increment reinvestment zone. The name assigned to the zone for identification is Reinvestment Zone Number Eight, City of Anna, Texas (the "Zone"). The Zone is designated pursuant to Section 311.005(a)(2) of the Act. SECTION 3. BOARD OF DIRECTORS. 3.1 The City Council hereby creates a board of directors for the Zone (the "Board") consisting of seven members. Seven members shall be appointed by the City Council to Places 1,2,3,4, 5, 6 and 7. 3.2 The City Council hereby appoints the following individuals to serve as the initial members of the Board for the terms indicated: Place 1 Mayor (term expires December 31, 2027) Place 2 Council Place 1 (term expires December 31, 2027) Place 3 Council Place 2 (term expires December 31, 2028) Place 4 Council Place 3 (term expires December 31, 2026) Place 5 Council Place 4 (term expires December 31, 2028) Place 6 Council Place 5 (term expires December 31, 2026) Place 7 Council Place 6 (term expires December 31, 2028) Upon expiration of the indicated terms or upon City Council action to reconstitute the initial Board by appointing replacement members, subsequent appointments to fill vacancies shall be for terms of two years. The member appointed to Place 1 shall serve as the chairman of the Board. The Board is authorized to elect a vice-chairman and other officers as determined by the Board. PROJECT COSTS from the TIRZ NO. 8 FUND established pursuant to Section 7 of this Ordinance. TIRZ NO. 8 FUND for activities that benefit the Zone and stimulate business and commercial activity in the Zone. In addition, the City Council hereby authorizes the Board to exercise all of the powers of the City under Chapter 380, Texas Local Government Code, as amended. PROJECT COSTS have been paid in full. If upon expiration of the stated term of the Zone, PROJECT COSTS have not been paid, the City shall have no obligation to pay the shortfall. CITY TIRZ INCREMENT, and means the total appraised value of all real property in the Zone that is taxable by the City as of January 1, 2025. CITY TIRZ INCREMENT, means the total real property value taxable (including increase tax values attributable to changes in use) by a taxing unit for a year and located in the Zone for that year less the tax increment base of the unit. There is hereby created and established a TIRZ NO. 8 FUND for the Zone. Within the TIRZ NO. 8 FUND, there may be maintained subaccounts as necessary and convenient to carry out the purposes of the Act. The CITY TIRZ INCREMENT shall be deposited into the TIRZ NO. 8 FUND as of the effective date of the Zone. The TIRZ NO. 8 FUND and all subaccounts shall be maintained at the depository bank of the City and shall be secured in the manner prescribed by law for funds of Texas cities. Prior to termination of the Zone, funds shall be disbursed from the TIRZ NO. 8 FUND only to pay PROJECT COSTS. TIRZ NO. 8 FUND shall consist of (i) the percentage of the tax increment, as defined by Section 311.012(a) of the Texas Tax Code, that each taxing unit which levies real property taxes in the Zone, other than the City, has elected to dedicate to the TIRZ NO. 8 FUND under an agreement with the City authorized by Section 311.013(f) of the Texas Tax Code, and (ii) one hundred percent (100%) of the City’s tax increment as defined by section 311.012(a) of the Texas Tax Code (CITY TIRZ INCREMENT), subject to any binding agreement executed at any time by the City that pledges a portion of such tax increment or an amount of other legally available funds whose calculation is based on receipt of any portion of such tax increment. PASSED, APPROVED, AND ADOPTED ON THIS 9th DAY OF DECEMBER, 2025. ATTEST: APPROVED AS TO FORM AND LEGALITY: EXHIBIT B [REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] REINVESTMENT ZONE NUMBER EIGHT, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN DECEMBER 9, 2025 REINVESTMENT ZONE NUMBER EIGHT, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 1 TABLE OF CONTENTS REINVESTMENT ZONE NUMBER EIGHT, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 2 SECTION 1: DEFINITIONS Capitalized terms used in this Preliminary Plan shall have the meanings given to them in Section I below unless otherwise defined in this Preliminary Plan or unless the context in which a term is used clearly requires a different meaning. Unless otherwise defined, a reference to a “Section,” or an “Exhibit,” shall be a reference to a Section of this Project and Finance Plan or an Exhibit or Appendix attached to and made a part of this Preliminary Plan for all purposes. “Act” means Chapter 311, Texas Tax Code, Tax Increment Financing Act, as amended. “Administrative Costs” means the actual, direct costs paid or incurred by or on behalf of the City to administer the Zone, including planning, engineering, legal services, organizational costs, publicizing costs, or implementations costs paid by or on behalf of the City that are directly related to the administration of the Zone. “Appraisal District” means the Collin Central Appraisal District. “Assessment(s)” means the special assessments levied on the Property pursuant to the PID Act on a phase-by-phase basis, under one or more Assessment Ordinances adopted on a phase-by- phase basis to reimburse the Developers on a phase-by-phase basis for a portion of the PID Projects benefitting the applicable phase(s) as set forth in the Service and Assessment Plan, as well as payment of Administrative Expenses and repayment of the PID Bonds and the costs associated with the issuance of the PID Bonds. “Board” means the Board of Directors for the Zone. “Captured Appraised Value” means the new taxable value generated in addition to the Tax Increment Base on a parcel-by-parcel basis for each year during the term of the Zone, as calculated and confirmed annually by the Appraisal District. “City” means the City of Anna, Texas. “City Council” means the governing body of the City. “City TIRZ Increment” means the portion of the City’s ad valorem tax increment equal to one hundred percent (100%) of the ad valorem real property taxes collected and received by the City on the Captured Appraised Value in the Zone., as further described in Section 12 “Commercial Subzone” means any area within the Zone designated for mixed-use development, which may include commercial, multi-family, retail or other similar uses as further defined in the Development Agreement. “Creation Ordinance” means Ordinance No. _____ adopted by the City Council on December 9, 2025. REINVESTMENT ZONE NUMBER EIGHT, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 3 “Developer” means OPP-Oak Ridge, LP. and its successors or assigns. means that certain Oak Ridge Development Agreement between the City and the Developer, effective as of May 27th, 2025. means any future 380 economic development TIRZ agreement to be entered into by the City, the Developer, and the Board detailing the economic development grant to the Developer pursuant to Chapter 380, Texas Local Government Code. means Section 311.010(h) of the Act, Chapter 380 of the Texas Local Government Code, and Article III, Section 52-a, Texas Constitution, as amended. means the economic development program authorized by the Economic Development Provision, which allows the TIRZ Board, subject to the approval of the City Council, to establish and provide for the administration of one or more programs necessary or convenient to implement and achieve the purposes of the Final Plan, which programs are for the public purposes of developing and diversifying the economy of the Zone and developing business and commercial activity within the Zone, and may include programs to make grants of any lawfully available money from the TIRZ No. 8 Fund, including activities that benefit the Zone and stimulate business and commercial activity in the Zone. “Feasibility Study” means the economic feasibility study as projected over the term of the Zone and focused only on direct financial benefits of increased ad valorem tax revenue anticipated to be generated by development within the Zone, as shown on Exhibit E. means the Reinvestment Zone Number Eight, City of Anna, Texas Final Project and Finance Plan. means those certain costs that will be spent to develop in the Zone, but will not be financed by the Zone, and will be financed by private funds, as described in Section 6, and shown on Exhibit B. “PID Bonds” means debt issued by the Public Improvement District to finance all or a portion of the Public Improvements, as further described in the Service and Assessment Plan. means the Oak Ridge Public Improvement District, which shall consist of the Property, to be created by City Council pursuant to the Development Agreement. “Public Improvements” means the proposed public improvements to be financed by the Zone and the PID, which includes pavement, storm sewer, water, sewer, contingencies & soft costs, and associated financing and interest costs as detailed on Exhibit C and identified on Exhibit G. REINVESTMENT ZONE NUMBER EIGHT, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 4 “Preliminary Plan” means this Reinvestment Zone Number Eight, City of Anna, Texas Preliminary Project and Finance Plan, as approved by the Creation Ordinance. Project Costs” means the total costs for projects in the Zone, including the actual costs of the Public Improvements and the Administrative Costs. Property” means 808.221 acres of land as depicted on Exhibit A and described on Exhibit H. “Service and Assessment Plan” means that certain PID Service and Assessment Plan to be adopted by the City, and amended or updated from time to time pursuant to the Development Agreement. “Single-Family Subzone” means any area within the Zone designated for single-family residential development, which may include townhomes or other attached residential product, as further defined in the Service and Assessment Plan. “TIRZ Agreement" means any TIRZ Reimbursement Agreement entered into between the Developer, the Board, and the City. TIRZ Credit” means the TIRZ Annual Credit Amount designated towards the principal and interest portion of the Annual Installment for the Assessed Property, as will be further defined and described in the Service and Assessment Plan. Tax Increment Base” means total appraised value of taxable real property in the Zone at the time of creation of the Zone, as calculated and certified by the Appraisal District. TIRZ No. 8 Fund” means the tax increment fund created by the City and segregated from all other funds of the City. Zone” means Reinvestment Zone Number Eight, City of Anna, Texas, as depicted on Exhibit A, and described on Exhibit H. REINVESTMENT ZONE NUMBER EIGHT, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 5 SECTION 2: INTRODUCTION 2.1 Authority and Purpose The City has the authority under the Act to designate a contiguous or noncontiguous geographic area within the corporate limits or extraterritorial jurisdiction of the City as a tax increment reinvestment zone to promote development or redevelopment of the area because the City Council determined that development or redevelopment would not occur solely through private investment in the reasonably foreseeable future, that the Zone is economically feasible, and that creation of the Zone is in the best interest of the City and the property in the Zone. The purpose of the Zone is to facilitate such development or redevelopment by financing the costs of public works, public improvements, programs, and other projects benefiting the Zone, plus other costs incidental to those expenditures, all of which costs are authorized by the Act. 2.2 Eligibility Requirements An area is eligible under the Act to be designated as a tax increment reinvestment zone if the area: 1) substantially arrests or impairs the sound growth of the municipality designating the Zone, retard the provision of housing accommodations, or constitutes an economic or social liability and is a menace to the public health, safety, morals, or welfare in its present condition; or 2) is predominantly open or undeveloped and, because of obsolete platting, deterioration of structures or site improvements, or other factors, substantially impairs or arrests the sound growth of the City; or 3) is in a federally assisted new community located in the City or in an area immediately adjacent to a federally assisted new community; or 4) is in an area described in a petition requesting that the area be designated as a reinvestment zone, if the petition is submitted to the governing body of the City by the owners of property constituting at least fifty percent (50%) of the appraised value of the property in the area according to the most recent certified appraisal roll for the county in which the area is located. The City cannot, however, designate a zone if more than thirty percent (30%) of the property in the proposed zone, excluding property that is publicly owned, is used for residential purposes, or if the total appraised value of taxable real property in the proposed zone and in existing reinvestment zones exceeds fifty percent (50%) of the total appraised value of taxable real property in the City and in industrial districts created by the City. REINVESTMENT ZONE NUMBER EIGHT, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 6 2.3 The Zone The Property is predominantly open, undeveloped or underdeveloped, and substantially impairs and arrests the sound growth of the City. Due to its size, location, and physical characteristics development would not occur solely through private investment in the foreseeable future. The Property lacks public infrastructure and requires economic incentive to attract development for the purpose of providing long-term economic benefits including, but not limited to, increased real property tax base for all taxing units in the Zone. If the Public Improvements are financed as contemplated by the Final Plan, the City envisions that the Property will be developed to take full advantage of the opportunity to bring to the City a quality development. Before the City Council adopted the Creation Ordinance, the City Council must prepare a preliminary reinvestment zone project and finance plan in accordance with the Act and hold a public hearing on the creation of the Zone and its benefits to the City and to the Property, at which public hearing interested persons shall be given the opportunity to speak for and against the creation of the Zone, the boundaries of the Zone and the concept of tax increment financing, and at which hearing the owners of the Property shall be given a reasonable opportunity to protest the inclusion of their Property in the Zone. The requirement of the Act for a preliminary reinvestment zone project and finance plan was satisfied by this Preliminary Plan, the purpose of which was to describe, in general terms, the Public Improvements that will be undertaken and financed by the Zone. A description of how such Public Improvements and projects will be undertaken and financed shall be determined by the Final Plan, which requires approval by the Board and City Council. Upon the closing of the above referenced public hearing, the City Council shall consider the Creation Ordinance and the following findings: 1) that development or redevelopment of the Property would not occur solely through private investment in the reasonably foreseeable future, 2) that the Zone was feasible, 3) that improvements in the Zone will significantly enhance the value of all the taxable real property in the Zone and will be of general benefit to the City, and 4) that the Zone meets the eligibility requirements of the Act. Among other provisions required by the Act, the Creation Ordinance shall appoint the Board. REINVESTMENT ZONE NUMBER EIGHT, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 7 2.6 Board Recommendations After the creation of the Zone, the Board shall review the Final Plan and recommend its approval to the City Council pursuant to which the City shall contribute the City TIRZ Increment into the TIRZ No. 2 Fund, in accordance with the Final Plan, to pay a portion of the Project Costs benefiting the Zone. SECTION 3: DESCRIPTION AND MAPS The Property is currently located within the corporate limits of the City and is currently zoned Agricultural District. The Property is primarily undeveloped or underdeveloped, and there is limited and inadequate public infrastructure to support development. Development requires extensive public infrastructure that: (1) the City could not provide, and (2) would not be provided solely through private investment in the foreseeable future. The Property is intended to be developed as a mixed-use development, consisting of residential, retail, and commercial uses including open space and other public and private amenities, as shown on Exhibit F. The legal description on Exhibit H provides sufficient detail to identify with ordinary and reasonable certainty the territory included in the Zone. SECTION 4: PROPOSED CHANGES TO ORDINANCES, PLANS, CODES, RULES, AND REGULATIONS The Property within the Zone is wholly located within the corporate limits of the City and shall be subject to the City’s zoning regulations. The City has exclusive jurisdiction over the subdivision and platting of the property within the Property and the design, construction, installation, and inspection of water, sewer, drainage, roadway, and other public infrastructure. No proposed changes to zoning ordinances, comprehensive plan, building codes, subdivision rules, or other municipal ordinances are planned. SECTION 5: RELOCATION OF DISPLACED PERSONS No person shall be displaced and in need of relocation due to the creation of the Zone or shall be due to the implementation of the Final Plan. REINVESTMENT ZONE NUMBER EIGHT, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 8 SECTION 6: ESTIMATED NON-PROJECT COSTS Non-Project Costs are costs that will be spent to develop in the Zone but will not be financed by the Zone, and will be financed by private funds. The list of Non-Project Costs is shown on Exhibit B and are estimated to be approximately $861,847,000. 7.1 Categories of Public Improvements All Public Improvements shall be designed and constructed in accordance with all applicable City standards and shall otherwise be inspected, approved, and accepted by the City. At the City’s option, the Public Improvements may be expanded to include any other category of improvements authorized by the Act. 7.2 Locations of Public Improvements The estimated locations of the proposed Public Improvements are detailed on Exhibit G. These locations may be revised, with the approval of the City, from time to time without amending this Preliminary Plan. 8.1 Project Costs The total costs are estimated to be $160,784,687, as shown below and detailed on Exhibit C. The costs of Public Improvements are estimated to be $159,965,281, and the Administrative Costs are estimated to be $160,784,687. 8.2 Administrative Costs The Administrative Costs are estimated to be $10,000 annually and escalating at two percent (2%) thereafter. The Administrative Costs shall be paid each year from the TIRZ No. 8 Fund before any other Project Costs are paid. 8.3 Estimated Timeline of Incurred Costs The Administrative Costs will be incurred annually through the remaining duration of the Zone. It is estimated the costs for constructing the Public Improvements will be incurred between 2027 and 2031, as shown on Exhibit D. REINVESTMENT ZONE NUMBER EIGHT, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 9 SECTION 9: ECONOMIC FEASIBILITY The Feasibility Study, as shown on Exhibit E, focuses on only direct financial benefits (i.e. ad valorem tax revenues from the development of Public Improvements in the Zone). Based on the Feasibility Study, during the term of the Zone, new development (which would not have occurred but for the Zone) will generate approximately $418,528,643 in total new real property tax revenue, and the contributing taxing entities will retain $294,106,365. The Feasibility Study shows the cumulative City TIRZ Increment is estimated to be $124,422,278, which will be available to pay a portion of the Project Costs, until the term expires or is otherwise terminated. The remainder of the new City real property tax revenue generated within the Zone and retained by the City is estimated to be $294,106,365 over the remaining term. One hundred percent (100%) of all taxing revenues generated for other taxing entities by the new development within the Zone will be retained by the respective taxing entities, unless the taxing entity participates in the Zone. Based on the foregoing, the feasibility of the Zone has been demonstrated. No tax increment reinvestment zone bonds or public indebtedness by the City secured by the tax increments pursuant to the Act, is contemplated. 11.1 Tax Increment Base The Tax Increment Base is estimated to be $8,931 as of January 1, 2025, and shall be confirmed by the Appraisal District. 11.2 Estimated Captured Appraised Value It is estimated that upon expiration of the term of the Zone, the total Captured Appraised Value of taxable real property in the Zone will be approximately $2,508,455,894 as shown on Exhibit E. The actual Captured Appraised Value, as certified by the Appraisal District each year, will be used to calculate annual payment by the City into the TIRZ No. 8 Fund pursuant to the Final Plan. 12.1 TIRZ No. 8 Fund Contributions REINVESTMENT ZONE NUMBER EIGHT, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 10 The Final Plan shall obligate the City to deposit into the TIRZ No. 8 Fund each year the City TIRZ Increment. For example, in FY 2026, the City’s ad valorem tax rate is $0.525073 per $100 of taxable value, therefore the City would contribute $0.525073 per $100 of the Captured Appraised Value in the Zone levied and collected, to the TIRZ No. 8 Fund. 12.2 Funding Mechanisms REINVESTMENT ZONE NUMBER EIGHT, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 11 City may amend the Final Plan in compliance with the Act, Development Agreement, Economic Development Agreement, and TIRZ Agreement, including but not limited to what is considered a Project Cost. SECTION 13: DURATION OF THE ZONE, TERMINATION 13.1 Duration 13.2 Termination REINVESTMENT ZONE NUMBER EIGHT, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 12 LIST OF EXHIBITS Unless otherwise stated, all references to "Exhibits" contained in this Preliminary Plan shall mean and refer to the following exhibits, all of which are attached to and made a part of this Preliminary Plan for all purposes. Exhibit A Map of the Zone Exhibit B Non-Project Costs Exhibit C Project Costs Exhibit D Estimated Timeline of Incurred Costs Exhibit E Feasibility Study Exhibit F Proposed Uses of the Property Exhibit G Maps of the Public Improvements Exhibit H Legal Description of the Zone REINVESTMENT ZONE NUMBER EIGHT, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 13 EXHIBIT A – MAP OF THE ZONE REINVESTMENT ZONE NUMBER EIGHT, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 14 EXHIBIT B – NON-PROJECT COSTS REINVESTMENT ZONE NUMBER EIGHT, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 15 EXHIBIT C – PROJECT COSTS REINVESTMENT ZONE NUMBER EIGHT, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 16 EXHIBIT D – ESTIMATED TIMELINE OF INCURRED COSTS REINVESTMENT ZONE NUMBER EIGHT, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 17 EXHIBIT E – FEASIBILITY STUDY %A C A C A C B 2 8$ 1 2 2 2$2$2$1 -$-$-$-$-$-$ 2 2 2 -$2$2$1 6$6$6$6$6$6$ 3 2 2 2$5$5$1 7$1$7$1$7$1$ 4 2 2 -$5$5$1 1$2$1$2$1$2$ 5 2 2 3$8$8$1 1$4$1$4$1$4$ 6 2 2 -$9$9$1 2$6$2$6$2$6$ 7 2 2 2$1$1$1 2$9$2$9$2$9$ 8 2 2 -$1$1$1 3$1$3$1$3$1$ 9 2 0 7$1$1$1 3$1$3$1$3$1$ 1 2 0 -$1$1$1 3$1$3$1$3$1$ 1 2 2 -$1$1$1 3$2$3$2$3$2$ 1 2 2 -$1$1$1 3$2$3$2$3$2$ 1 2 2 -$1$1$1 3$2$3$2$3$2$ 1 2 2 -$1$1$1 3$3$3$3$3$3$ 1 2 2 -$1$1$1 3$3$3$3$3$3$ 1 2 2 -$1$1$1 3$4$3$4$3$4$ 1 2 2 -$1$1$1 3$4$3$4$3$4$ 1 2 2 -$1$1$1 4$4$4$4$4$4$ 1 2 0 -$1$1$1 4$5$4$5$4$5$ 2 2 0 -$1$1$1 4$5$4$5$4$5$ 2 2 2 -$1$1$1 4$6$4$6$4$6$ 2 2 2 -$1$1$1 4$6$4$6$4$6$ 2 2 2 -$1$1$1 4$6$4$6$4$6$ 2 2 2 -$1$1$1 4$7$4$7$4$7$ 2 2 2 -$1$1$1 4$7$4$7$4$7$ 2 2 2 -$1$1$1 4$8$4$8$4$8$ 2 2 2 -$1$1$1 4$8$4$8$4$8$ 2 2 2 -$1$1$1 4$9$4$9$4$9$ 2 2 0 -$1$1$1 4$9$4$9$4$9$ 3 2 0 -$1$1$1 4$1$4$1$4$1$ 3 2 2 -$1$1$1 4$1$4$1$4$1$ 3 2 2 -$1$1$1 3$1$6$1$3$1$ 3 2 2 -$1$1$1 3$1$6$1$3$1$ 3 2 2 -$1$1$1 2$1$7$1$2$1$ 3 2 2 -$2$2$1 2$1$7$1$2$1$ 3 2 2 -$2$2$1 1$1$9$1$1$1$ 3 2 2 -$2$2$1 1$1$9$1$1$1$ 3 2 2 -$2$2$1 3$1$1$1$3$1$ 3 2 0 -$2$2$1 3$1$1$1$3$1$ 4 2 0 -$2$2$1 4$1$1$1$4$1$ 4 2 2 -$2$2$1 4$1$1$1$4$1$ 4 2 2 -$2$2$1 4$1$1$2$4$1$ 4 2 2 -$2$2$1 5$1$1$2$5$1$ 4 2 2 -$2$2$1 5$1$1$2$5$1$ 4 2 2 -$2$2$1 5$1$1$2$5$1$ 4 2 2 -$2$2$1 5$1$1$2$5$1$ 4 2 2 -$2$2$1 5$1$1$2$5$1$ 4 2 2 -$2$2$1 5$1$1$2$5$1$ 4 2 0 -$2$2$1 5$1$1$2$5$1$ 1$1$2$1$ 8$ 0 R C F Z Y T Y G Y [ A D V [ N V C A C T A F T C [ TTR [ d [ [ REINVESTMENT ZONE NUMBER EIGHT, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 18 EXHIBIT F – PROPOSED USES OF THE PROPERTY REINVESTMENT ZONE NUMBER EIGHT, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 19 EXHIBIT G – MAPS OF THE PUBLIC IMPROVEMENTS REINVESTMENT ZONE NUMBER EIGHT, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 20 REINVESTMENT ZONE NUMBER EIGHT, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 21 REINVESTMENT ZONE NUMBER EIGHT, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 22 EXHIBIT H – LEGAL DESCRIPTION OF THE ZONE REINVESTMENT ZONE NUMBER EIGHT, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 23 REINVESTMENT ZONE NUMBER EIGHT, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 24 REINVESTMENT ZONE NUMBER EIGHT, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 25 REINVESTMENT ZONE NUMBER EIGHT, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 26 REINVESTMENT ZONE NUMBER EIGHT, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 27 REINVESTMENT ZONE NUMBER EIGHT, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 28 REINVESTMENT ZONE NUMBER EIGHT, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 29 REINVESTMENT ZONE NUMBER EIGHT, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 30 REINVESTMENT ZONE NUMBER EIGHT, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 31 REINVESTMENT ZONE NUMBER EIGHT, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 32 REINVESTMENT ZONE NUMBER EIGHT, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 33 REINVESTMENT ZONE NUMBER EIGHT, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 34 REINVESTMENT ZONE NUMBER EIGHT, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 35 REINVESTMENT ZONE NUMBER EIGHT, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 36 Item No. 7.o. City Council Agenda Staff Report Meeting Date: 12/9/2025 Staff Contact: Joey Grisham AGENDA ITEM: Conduct a Public Hearing and Consider/Discuss/Action on an Ordinance of the City Council of the City of Anna, Texas, designating a geographic area located within the corporate limits of the City as a Tax Increment Reinvestment Zone pursuant to Chapter 311 of the Texas Tax Code, to be known as Reinvestment Zone Number Nine, City of Anna, Texas; describing the boundaries of the zone; creating a Board of Directors for the zone and appointing members of the board; establishing a Tax Increment Fund (TIRZ No. 9 Fund) for the zone, containing findings related to the creation of the zone; providing a date for the termination of the zone; providing that the zone take effect immediately upon passage of the ordinance; providing a severability clause; and providing an effective date. (Director of Economic Development Joey Grisham) SUMMARY: The proposed Tax Increment Reinvestment Zone Number Nine, City of Anna, Texas (TIRZ No. 9) is being presented and requested for approval in accordance with the Sherley Farms Development Agreement, effective as of December 17, 2024, in which the City will contribute 50% of the captured appraised value of the TIRZ to the TIRZ No. 9 Fund for a period of 40 years. This item, if approved, will create Reinvestment Zone Number Nine, City of Anna, Texas (TIRZ No. 9), which covers the Sherley Farms development consisting of 1,123.592 acres. In addition to the creation of TIRZ No.9, this item will also appoint the TIRZ No. 9 Board. After payment of TIRZ administrative costs, applicable TIRZ No. 9 Fund revenues will be available to be used in accordance with the Development Agreement on a parcel-by-parcel basis, including but not limited to offsetting a portion of the PID Assessments or funding the Chapter 380 Grant to fund the actual costs of eligible improvements. Any TIRZ No.9 Fund revenues not obligated under the Development Agreement shall be available to be used at the City Council’s discretion, as allowed under Chapter 311. The proposed boundary of TIRZ No. 9 and the Preliminary Project and Finance Plan are attached as Exhibits to this ordinance. Per the statute, notice was published and the Preliminary Project and Finance Plan was placed on file with the City Secretary no later than seven (7) days prior to this public hearing. FINANCIAL IMPACT: 50% for 40 years. BACKGROUND: The purpose of this item is to hold a Public Hearing and consider an ordinance creating TIRZ #9 for the Sherley Farms Development. STRATEGIC CONNECTIONS: This item supports the City of Anna Strategic Plan, specifically advancing the strategic outcome area: Vibrant. ATTACHMENTS: 1. 2025-11-24_ANN_Sherley Farms TIRZ#9_Creation Ordinance_v2.0 2. 2025-11-25_ANN_Sherley Farms_TIRZ#9_PPFP v1.6 CITY OF ANNA, TEXAS the City of Anna, Texas (the "City"), pursuant to Chapter 311 of the Texas Tax Code, as amended (the "Act"), may designate a geographic area within the corporate limits or extraterritorial jurisdiction of the City as a tax increment reinvestment zone if the area satisfies the requirements of the Act; and the City Council of the City (the “City Council”) desires for the City to consider the creation of the tax increment reinvestment zone in the City consisting of approximately 1,123.592 acres depicted in Exhibit A and identified within Exhibit B attached hereto (the “Property”); and pursuant to and as required by the Act, the City Council prepared a Reinvestment Zone Number Nine, City of Anna, Texas, Preliminary Project and Finance Plan (the "Preliminary Project and Finance Plan") attached hereto as Exhibit B and incorporated herein for all purposes; and notice of the public hearing on the creation of the proposed zone was published in the Sherman Herald Democrat, a newspaper of general circulation within the City, on December 2, 2025, which date is not later than the seventh (7th) day before the public hearing held on December 9, 2025; and at the public hearing on December 9, 2025, interested persons were allowed to speak for or against the creation of the zone, the boundaries of the zone, and the concept of tax increment financing, and owners of property in the proposed zone were given a reasonable opportunity to protest the inclusion of their property in the zone; and WHEREAS, evidence was received and presented at the public hearing in favor of the creation of the zone; and WHEREAS, the City has taken all actions required to create the zone including, but not limited to, all actions required by the Act, the Texas Open Meetings Act, and all other laws applicable to the creation of the zone; and WHEREAS, the City desires to appoint initial members to the board of directors of the zone; and WHEREAS, terms used in this Ordinance that have their initial letters capitalized shall have the meanings given to them in this Ordinance; however, terms that are CAPITALIZED IN BOLD shall have the meanings given to them in the Preliminary Project and Finance Plan. NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS: SECTION 1. FINDINGS. (a) The recitals, findings, and determinations contained in the preamble to this Ordinance are incorporated into the body of this Ordinance as if fully set forth in this Section and are hereby found and declared to be true and correct legislative findings and are adopted as part of this Ordinance for all purposes. (b) The City Council finds that the PUBLIC IMPROVEMENTS will significantly enhance the value of all the taxable real property in the zone and will be of general benefit to the City. (c) The City Council finds that the proposed zone meets the requirements of Section 311.005(a)(2) of the Act in that: (i) there is a need for essential public infrastructure and economic development programs to attract new business and commercial activity to the proposed zone for the purposes of increasing the real property tax base for all taxing units within the zone, increasing sales and use taxes for the City and the State of Texas, and increasing job opportunities for residents of the City and the region; and (ii) the proposed zone, as shown in Exhibit A, meets the criteria for the creation of a reinvestment zone set forth in Section 311.005 of the Act in that the area is predominantly open or undeveloped and, because of obsolete platting, deterioration of structures or site improvements, or other factors, substantially impairs and arrests the sound growth of the municipality; and (iii) these factors substantially impair and arrest the sound growth of the City. (d) The City Council finds that the proposed zone is a geographic area 100% within the City’s corporate limits. (e) The City Council finds that not more than thirty percent (30%) of the property in the proposed zone, excluding property that is publicly owned, is used for residential purposes, and the total appraised value of taxable real property in the proposed zone and in existing reinvestment zones does not exceed fifty percent (50%) of the total appraised value of taxable real property in the City and in the industrial districts created by the City. (f) The City Council finds that the development or redevelopment of the property in the proposed zone will not occur solely through private investment in the reasonably foreseeable future. (g) The City Council finds that the Preliminary Project and Finance Plan is feasible. (h) The City Council finds that the implementation of the Project and Finance Plan (as defined below) will alleviate the conditions described in Section 1(c) above and will serve a public purpose. SECTION 2. DESIGNATION AND NAME OF THE ZONE. Pursuant to the authority of, and in accordance with the requirements of the Act, the City Council hereby designates the Property as a tax increment reinvestment zone. The name assigned to the zone for identification is Reinvestment Zone Number Nine, City of Anna, Texas (the "Zone"). The Zone is designated pursuant to Section 311.005(a)(2) of the Act. SECTION 3. BOARD OF DIRECTORS. 3.1 The City Council hereby creates a board of directors for the Zone (the "Board") consisting of seven members. Seven members shall be appointed by the City Council to Places 1,2,3,4, 5, 6 and 7. 3.2 The City Council hereby appoints the following individuals to serve as the initial members of the Board for the terms indicated: Place 1 Mayor (term expires December 31, 2027) Place 2 Council Place 1 (term expires December 31, 2027) Place 3 Council Place 2 (term expires December 31, 2028) Place 4 Council Place 3 (term expires December 31, 2026) Place 5 Council Place 4 (term expires December 31, 2028) Place 6 Council Place 5 (term expires December 31, 2026) Place 7 Council Place 6 (term expires December 31, 2028) Upon expiration of the indicated terms or upon City Council action to reconstitute the initial Board by appointing replacement members, subsequent appointments to fill vacancies shall be for terms of two years. The member appointed to Place 1 shall serve as the chairman of the Board. The Board is authorized to elect a vice-chairman and other officers as determined by the Board. PROJECT COSTS from the TIRZ NO. 9 FUND established pursuant to Section 7 of this Ordinance. TIRZ NO. 9 FUND for activities that benefit the Zone and stimulate business and commercial activity in the Zone. In addition, the City Council hereby authorizes the Board to exercise all of the powers of the City under Chapter 380, Texas Local Government Code, as amended. PROJECT COSTS have been paid in full. If upon expiration of the stated term of the Zone, PROJECT COSTS have not been paid, the City shall have no obligation to pay the shortfall. CITY TIRZ INCREMENT, and means the total appraised value of all real property in the Zone that is taxable by the City as of January 1, 2025. CITY TIRZ INCREMENT means the total real property value taxable (including increase tax values attributable to changes in use) by a taxing unit for a year and located in the Zone for that year less the tax increment base of the unit. There is hereby created and established a TIRZ NO. 9 FUND for the Zone. Within the TIRZ NO. 9 FUND, there may be maintained subaccounts as necessary and convenient to carry out the purposes of the Act. The CITY TIRZ INCREMENT shall be deposited into the TIRZ NO. 9 FUND as of the effective date of the Zone. The TIRZ NO. 9 FUND and all subaccounts shall be maintained at the depository bank of the City and shall be secured in the manner prescribed by law for funds of Texas cities. Prior to termination of the Zone, funds shall be disbursed from the TIRZ NO. 9 FUND only to pay PROJECT COSTS. TIRZ NO. 9 FUND shall consist of (i) the percentage of the tax increment, as defined by Section 311.012(a) of the Texas Tax Code, that each taxing unit which levies real property taxes in the Zone, other than the City, has elected to dedicate to the TIRZ NO. 9 FUND under an agreement with the City authorized by Section 311.013(f) of the Texas Tax Code, and (ii) fifty percent (50%) of the City’s tax increment as defined by section 311.012(a) of the Texas Tax Code (CITY TIRZ INCREMENT), subject to any binding agreement executed at any time by the City that pledges a portion of such tax increment or an amount of other legally available funds whose calculation is based on receipt of any portion of such tax increment. PASSED, APPROVED, AND ADOPTED ON THIS 9th DAY OF DECEMBER, 2025. ATTEST: APPROVED AS TO FORM AND LEGALITY: EXHIBIT B [REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] REINVESTMENT ZONE NUMBER NINE, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN DECEMBER 9, 2025 REINVESTMENT ZONE NUMBER NINE, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 1 TABLE OF CONTENTS REINVESTMENT ZONE NUMBER NINE, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 2 SECTION 1: DEFINITIONS Capitalized terms used in this Preliminary Plan shall have the meanings given to them in Section I below unless otherwise defined in this Preliminary Plan or unless the context in which a term is used clearly requires a different meaning. Unless otherwise defined, a reference to a “Section,” or an “Exhibit,” shall be a reference to a Section of this Preliminary Plan or an Exhibit or Appendix attached to and made a part of this Preliminary Plan for all purposes. “Act” means Chapter 311, Texas Tax Code, Tax Increment Financing Act, as amended. “Administrator” means the City or independent firm designated by the City who shall have the responsibilities provided in this Final Plan or any other agreement or document approved by the City related to the duties and responsibilities of the administration of the Zone. The initial Administrator is P3Works, LLC. “Administrative Costs” means the actual, direct costs paid or incurred by or on behalf of the City to administer the Zone, including, but not limited to, costs and expenses for: (1) the Administrator; (2) City staff; (3) planning, engineering, and legal services; (4) organizational, publicizing, and implementations; (5) costs of operating the Zone and project facilities paid by or on behalf of the City that are directly related to the administration of the Zone; and (6) payments made at the discretion of the governing body of the municipality that it finds necessary or convenient to the adoption or to the implementation of this Final Plan for the Zone. “Appraisal District” means the Collin Central Appraisal District. “Assessment(s)” means the special assessments levied on the Property pursuant to the PID Act on a phase-by-phase basis, under one or more Assessment Ordinances adopted on a Phase-by- Phase basis to reimburse the Developers on a phase-by-phase basis for a portion of the PID Projects benefitting the applicable phase(s) as set forth in the Service and Assessment Plan, as well as payment of Administrative Expenses and repayment of the PID Bonds and the costs associated with the issuance of the PID Bonds. “Board” means the Board of Directors for the Zone. “Captured Appraised Value” means the new taxable value of the Zone, on a parcel-by-parcel basis for each year during the term of the Zone, as calculated and confirmed annually by the Appraisal District. “City” means the City of Anna, Texas. “City Council” means the governing body of the City. REINVESTMENT ZONE NUMBER NINE, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 3 “City TIRZ Increment” means the portion of the City’s ad valorem tax increment equal to fifty percent (50%) of the ad valorem real property taxes collected and received by the City on the Captured Appraised Value in the Zone., as further described in Section 12 “Commercial Subzone” means any area within the Zone designated for commercial development, which may include commercial, multi-family, retail or other similar uses as further defined in the Development Agreement. Creation Ordinance” means the Ordinance No. _________ approved and adopted by the City Council on December 9, 2025, designating the creation of the Zone and the Board. “Developer” means Tellus Texas III, LLC., and Sherley Partners, LTD, and its successors or assigns. “Development Agreement” means that certain Sherley Farms Development Agreement between the City and the Developer, effective as of December 17, 2024. “Economic Development Agreement” means that certain 380 economic development TIRZ agreement to be entered into by the City, the Developer, and the Board detailing the economic development grant to the Developer pursuant to Chapter 380, Texas Local Government Code. “Economic Development Provision” means Section 311.010(h) of the Act, Chapter 380 of the Texas Local Government Code, and Article III, Section 52-a, Texas Constitution, as amended. “Economic Development Program” means the economic development program authorized by the Economic Development Provision, which allows the Board, subject to the approval of the City Council, to establish and provide for the administration of one or more programs necessary or convenient to implement and achieve the purposes of this Final Plan, which programs are for the public purposes of developing and diversifying the economy of the Zone and developing business and commercial activity within the Zone, and may include programs to make grants of any lawfully available money from the TIRZ No. 3 Fund, including activities that benefit the Zone and stimulate business and commercial activity in the Zone. Feasibility Study” means the economic feasibility study as projected over the term of the Zone and focused only on direct financial benefits of increased ad valorem tax revenue anticipated to be generated by development within the Zone, as shown on Exhibit E. Final Plan” means the future Reinvestment Zone Number Nine, City of Anna, Texas Final Project and Finance Plan. “Non-Project Costs” means those certain costs that will be spent to develop in the Zone, but will not be financed by the Zone, and will be financed by private funds, as described in Section 6, and shown on Exhibit B. REINVESTMENT ZONE NUMBER NINE, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 4 “PID Bonds” means debt issued by the Public Improvement District to finance all or a portion of the Public Improvements, as further described in the Service and Assessment Plan. “Public Improvement District (PID)” means the Sherley Farms Public Improvement District, which consists of the Property, created by Resolution No. 2025-03-1753 of the City passed on March 25, 2025. “Preliminary Plan” means this Reinvestment Zone Number Nine, City of Anna, Texas Preliminary Project and Finance Plan. Project Costs” means the total costs for projects in the Zone, a portion of which to be financed by the Zone, including the Public Improvements and the Administrative Costs, as described in Section 8 and shown on Exhibit C. Property” means 1,123.592 acres of land as depicted on Exhibit A and described on Exhibit H. Public Improvements” means the proposed public improvements to be financed by the Zone and the PID, either directly or indirectly, which includes water, wastewater/sewer, detention and drainage, paving, landscaping, contingency & soft costs related thereto, associated financing and interest costs, and other infrastructure necessary to serve development or redevelopment of the Zone and to be constructed and dedicated to the City, as depicted on Exhibit G, and detailed on Exhibit C. Public Improvement Costs” means the total cost to construct the Public Improvements, detailed on Exhibit C. “Service and Assessment Plan” means that certain PID Service and Assessment Plan that shall be adopted by the City, and amended or updated from time to time, pursuant to the Development Agreement. “Single-Family Subzone” means any area within the Zone designated for single-family residential development, which may include townhomes or other attached residential product, as further defined in the Development Agreement. “TIRZ Agreement” means any TIRZ Reimbursement Agreement entered into between the Developer, the Board, and the City. TIRZ Credit” means the TIRZ Annual Credit Amount designated towards the principal and interest portion of the Annual Installment for the Assessed Property, as will be further defined and described in the Service and Assessment Plan. Tax Increment Base” means total appraised value of taxable real property in the Zone at the time of creation of the Zone, as calculated and certified by the Appraisal District. REINVESTMENT ZONE NUMBER NINE, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 5 “TIRZ No. 9 Fund” means the tax increment fund created by the City and segregated from all other funds of the City, where the City TIRZ Increment is deposited annually. Zone” means Reinvestment Zone Number Nine, City of Anna, Texas, as identified on Exhibit A, and described on Exhibit H. REINVESTMENT ZONE NUMBER NINE, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 6 SECTION 2: INTRODUCTION 2.1 Authority and Purpose The City has the authority under the Act to designate a contiguous or noncontiguous geographic area within the corporate limits or extraterritorial jurisdiction of the City as a tax increment reinvestment zone to promote development or redevelopment of the area because the City Council has determined that (1) development or redevelopment would not occur solely through private investment in the reasonably foreseeable future, (2) that the Zone is economically feasible, and (3) the creation of the Zone is in the best interest of the City and the property in the Zone. The purpose of the Zone is to facilitate such development or redevelopment by financing the costs of public works, public improvements, programs, and other projects benefiting the Zone, plus other costs incidental to those expenditures, all of which costs are authorized by the Act. 2.2 Eligibility Requirements An area is eligible under the Act to be designated as a tax increment reinvestment zone if the area: 1) substantially arrests or impairs the sound growth of the City designating the Zone, retard the provision of housing accommodations, or constitutes an economic or social liability and is a menace to the public health, safety, morals, or welfare in its present condition; or 2) is predominantly open or undeveloped and, because of obsolete platting, deterioration of structures or site improvements, or other factors, substantially impairs or arrests the sound growth of the City; or 3) is in a federally assisted new community located in the City or in an area immediately adjacent to a federally assisted new community; or 4) is in an area described in a petition requesting that the area be designated as a reinvestment zone, if the petition is submitted to the governing body of the City by the owners of property constituting at least fifty percent (50%) of the appraised value of the property in the area according to the most recent certified appraisal roll for the county in which the area is located. The City cannot, however, designate a zone if more than thirty percent (30%) of the property in the proposed zone, excluding property that is publicly owned, is used for residential purposes, or if the total appraised value of taxable real property in the proposed zone and in existing reinvestment zones exceeds fifty percent (50%) of the total appraised value of taxable real property in the City and in industrial districts created by the City. REINVESTMENT ZONE NUMBER NINE, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 7 2.3 The Zone The Property within the proposed Zone is currently located within the corporate limits of the City. The Property is predominantly undeveloped or underdeveloped and substantially impairs and arrests the sound growth of the City. Due to its size, location, and physical characteristics development would not occur solely through private investment in the foreseeable future. The Property lacks public infrastructure and requires economic incentive to attract development for the purpose of providing long-term economic benefits including, but not limited to, increased real property tax base for all taxing units in the Zone. If the Public Improvements are financed as contemplated by the Final Plan, the City envisions that the Property will be developed to take full advantage of the opportunity to bring to the City a quality development. 2.4 Preliminary Plan and Hearing Before the City Council adopts the Creation Ordinance, the City Council must prepare a preliminary reinvestment zone financing plan in accordance with the Act and hold a public hearing on the creation of the Zone and its benefits to the City and to the Property, at which public hearing interested persons are given the opportunity to speak for and against the creation of the Zone, the boundaries of the Zone and the concept of tax increment financing, and at which hearing the owners of the Property are given a reasonable opportunity to protest the inclusion of their Property in the Zone. The Preliminary Plan described, in general terms, the Public Improvements that will be undertaken and financed by the Zone. 2.5 Creation of the Zone Upon the closing of the above referenced public hearing, the City Council considered the Creation Ordinance and the following findings: (1) development or redevelopment of the Property would not occur solely through private investment in the reasonably foreseeable future, (2) the Zone was feasible, (3) that improvements in the Zone will significantly enhance the value of all the taxable real property in the Zone and will be of general benefit to the City, and (4) the Zone meets the eligibility requirements of the Act. Among other provisions required by the Act, the Creation Ordinance shall appoint the Board. 2.6 Board Recommendations After the creation of the Zone, the Board shall review the Final Plan and recommend its approval to the City Council pursuant to which the City shall contribute the City TIRZ Increment into the TIRZ No. 9 Fund to pay a portion of the Project Costs benefiting the Zone. REINVESTMENT ZONE NUMBER NINE, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 8 SECTION 3: DESCRIPTION AND MAPS 3.1 Existing Uses and Conditions The Property is currently located within the corporate limits of the City and is currently zoned Planned Development. The Property is primarily undeveloped or underdeveloped, and there is limited and inadequate public infrastructure to support development. Development requires extensive public infrastructure that: (1) the City could not provide, and (2) would not be provided solely through private investment in the foreseeable future. 3.2 Proposed Uses The Property is intended to be developed as a mixed-use and single family development, consisting of residential and commercial uses including open space and other public and private amenities, as shown on Exhibit F. 3.3 Property Identification The legal description on Exhibit H provides sufficient detail to identify with ordinary and reasonable certainty the territory included in the Zone. The Property within the Zone is wholly located within the corporate limits of the City and is subject to the City’s zoning regulations. The City has exclusive jurisdiction over the subdivision and platting of the property within the Property and the design, construction, installation, and inspection of water, sewer, drainage, roadway, and other public infrastructure. No proposed changes to zoning ordinances, comprehensive plan, building codes, subdivision rules, or other municipal ordinances are planned. No person shall be displaced and in need of relocation due to the creation of the Zone or shall be due to the implementation of the Final Plan. Non-Project Costs are costs that will be spent to develop in the Zone but will not be financed by the Zone, and will be financed by private funds. The list of Non-Project Costs is shown on Exhibit B and are estimated to be approximately $1,293,272,000. REINVESTMENT ZONE NUMBER NINE, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 9 SECTION 7: PROPOSED PUBLIC IMPROVEMENTS 7.1 Categories of Public Improvements All Public Improvements shall be designed and constructed in accordance with all applicable City standards, regulations, requirements and specifications and shall otherwise be inspected, approved, and accepted by the City. At the City’s option, the Public Improvements may be expanded to include any other category of improvements authorized by the Act. 8.1 Project Costs The Project Costs are estimated to be $205,116,446, as shown below and detailed on Exhibit C. The costs of Public Improvements are estimated to be $204,512,426, and the Administrative Costs are estimated to be $604,020. Project Costs include interest accrued on PID Bonds, if and when issued, pursuant to the Service and Assessment Plan. 8.2 Estimated Administrative Costs The Administrative Costs are estimated to be $10,000 annually and escalating at two percent (2%) thereafter. The Administrative Costs shall be paid each year from the TIRZ No. 9 Fund before any other Project Costs are paid. 8.3 Estimated Timeline of Incurred Costs The Administrative Costs will be incurred annually beginning at the time the Zone is created and throughout the duration of the Zone. It is estimated the Public Improvement Costs will be incurred between the calendar years 2026 and 2032, as shown on Exhibit D. Based on the Feasibility Study, during the term of the Zone, new development, which would not have occurred but for the Zone, will generate approximately $457,434,619 in total new real property tax revenue for the participation taxing entities. Approximately $228,717,310 will be deposited into the TIRZ No. 9 Fund to pay for the Project Costs over the life of the Zone. The remaining real property tax revenue over that period, estimated at $228,717,310 shall be retained by the participating taxing entities. The Feasibility Study shows the cumulative City TIRZ Increment is estimated to be $228,717,310, which will be available to pay a portion of the Project Costs, until the term expires or is otherwise terminated. The remainder of the new City real property tax revenue generated within the Zone and retained by the City is estimated to be $228,717,310 over the term. REINVESTMENT ZONE NUMBER NINE, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 10 The City TIRZ Increment will be available to pay Project Costs, until the term expires or is otherwise terminated. Upon expiration or termination of the Zone, one hundred percent (100%) of all tax revenue generated within the Zone will be retained by the City. Based on the foregoing, the feasibility of the Zone has been demonstrated. SECTION 10: ESTIMATED BONDED INDEBTEDNESS SECTION 11: APPRAISED VALUE 11.1 Tax Increment Base 11.2 Estimated Captured Appraised Value Exhibit E. The actual Captured Appraised Value, as certified by the Appraisal District each year, will be used to calculate annual payment by the City into the TIRZ No. 9 Fund pursuant to the Final Plan. SECTION 12: METHOD OF FINANCING 12.1 TIRZ Fund Contributions 12.2 Funding Mechanisms REINVESTMENT ZONE NUMBER NINE, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 11 Assessment Plan. Annually, the TIRZ Credit shall be transferred by the City from the TIRZ No. 9 Fund into the fund held by a trustee pursuant to the applicable indenture of trust, and which is used to repay an applicable series of bonds, as further defined and described in the Service and Assessment Plan. Additionally, pursuant to the Development Agreement and TIRZ Agreement, the actual costs of Public Improvements not funded by the PID or Impact Fees may be eligible for reimbursement from the TIRZ No. 9 Fund. REINVESTMENT ZONE NUMBER NINE, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 12 All payments of Project Costs shall be made solely from the TIRZ No. 9 Fund and from no other funds of the City or County unless otherwise approved by the respective governing bodies. The TIRZ No. 9 Fund shall only be used to pay the Project Costs in accordance with the Final Plan. The City may amend the Final Plan in compliance with the Act, Development Agreement, and TIRZ Agreement, including but not limited to what is considered a Project Cost. SECTION 13: DURATION OF THE ZONE, TERMINATION 13.1 Duration 13.2 Termination REINVESTMENT ZONE NUMBER NINE, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 13 LIST OF EXHIBITS Unless otherwise stated, all references to "Exhibits" contained in this Preliminary Plan shall mean and refer to the following exhibits, all of which are attached to and made a part of this Preliminary Plan for all purposes. Exhibit A Map of the Zone Exhibit B Non-Project Costs Exhibit C Project Costs Exhibit D Estimated Timeline of Incurred Costs Exhibit E Feasibility Study Exhibit F Proposed Uses of the Property Exhibit G Maps of the Public Improvements Exhibit H Legal Description of the Zone REINVESTMENT ZONE NUMBER NINE, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 14 EXHIBIT A – MAP OF THE ZONE REINVESTMENT ZONE NUMBER NINE, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 15 EXHIBIT B – NON-PROJECT COSTS REINVESTMENT ZONE NUMBER NINE, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 16 EXHIBIT C – PROJECT COSTS REINVESTMENT ZONE NUMBER NINE, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 17 EXHIBIT D – ESTIMATED TIMELINE OF INCURRED COSTS REINVESTMENT ZONE NUMBER NINE, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 18 EXHIBIT E – FEASIBILITY STUDY REINVESTMENT ZONE NUMBER NINE, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 19 EXHIBIT F – PROPOSED USES OF THE PROPERTY REINVESTMENT ZONE NUMBER NINE, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 20 EXHIBIT G – MAPS OF THE PUBLIC IMPROVEMENTS REINVESTMENT ZONE NUMBER NINE, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 21 REINVESTMENT ZONE NUMBER NINE, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 22 REINVESTMENT ZONE NUMBER NINE, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 23 REINVESTMENT ZONE NUMBER NINE, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 24 EXHIBIT H – LEGAL DESCRIPTION OF THE ZONE REINVESTMENT ZONE NUMBER NINE, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 25 REINVESTMENT ZONE NUMBER NINE, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 26 REINVESTMENT ZONE NUMBER NINE, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 27 REINVESTMENT ZONE NUMBER NINE, CITY OF ANNA, TEXAS PRELIMINARY PROJECT AND FINANCE PLAN 28 Item No. 7.p. City Council Agenda Staff Report Meeting Date: 12/9/2025 Staff Contact: Joey Grisham AGENDA ITEM: First Reading of a Resolution approving a project of the Anna Community Development Corporation to acquire property including entering into a purchase and sale contract to acquire property near the intersection of Powell Pkwy. and FM 455,and a leaseback for the property. (Director of Economic Development Joey Grisham) SUMMARY: Two readings of the Resolution are required prior to authorization of the agreement. The Resolution is included in the proceeding item approving an agreement between the CDC, Bengal Anna Plaza, LLC., and Faizur Rahman. The CDC Board is expected to vote on the agreement on December 11, 2025. This is the first reading of the Resolution. The presiding officer should read the following: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS RATIFYING AND AUTHORIZING THE ANNA COMMUNITY DEVELOPMENT CORPORATION TO ENTER INTO A PURCHASE AND SALE AGREEMENT WITH BENGAL ANNA PLAZA, LLC AND FAIZUR RAHMAN WITH A LEASEBACK FOR PROPERTY OWNED BY BENGAL ANNA PLAZA, LLC. FINANCIAL IMPACT: BACKGROUND: See Next Item STRATEGIC CONNECTIONS: This item supports the City of Anna Strategic Plan, specifically advancing the strategic outcome area: Vibrant. ATTACHMENTS: Item No. 7.q. City Council Agenda Staff Report Meeting Date: 12/9/2025 Staff Contact: Joey Grisham AGENDA ITEM: Second reading of a Resolution approving a project of the Anna Community Development Corporation to acquire property including entering into a purchase and sale contract to acquire property near the intersection of Powell Pkwy. and FM 455,and a leaseback for the property (Director of Economic Development Joey Grisham) SUMMARY: Two readings of the Resolution are required prior to authorization of the agreement. The Resolution is included in the proceeding item approving an agreement between the CDC, Bengal Anna Plaza, LLC., and Faizur Rahman. The CDC Board is expected to vote on the agreement on December 11, 2025. This is the second reading of the Resolution. The presiding officer should read the following: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS RATIFYING AND AUTHORIZING THE ANNA COMMUNITY DEVELOPMENT CORPORATION TO ENTER INTO A PURCHASE AND SALE AGREEMENT WITH BENGAL ANNA PLAZA, LLC AND FAIZUR RAHMAN WITH A LEASEBACK FOR PROPERTY OWNED BY BENGAL ANNA PLAZA, LLC. FINANCIAL IMPACT: BACKGROUND: See Next Item STRATEGIC CONNECTIONS: This item supports the City of Anna Strategic Plan, specifically advancing the strategic outcome area: Vibrant. ATTACHMENTS: Item No. 7.r. City Council Agenda Staff Report Meeting Date: 12/9/2025 Staff Contact: Joey Grisham AGENDA ITEM: Consider/Discuss/Action on a Resolution approving a project of the Anna Community Development Corporation to acquire property including entering into a purchase and sale contract to acquire property near the intersection of Powell Pkwy. and FM 455, and with a leaseback for property. (Director of Economic Development Joey Grisham) SUMMARY: This purchase will allow the CDC to redevelop the property in alignment with the Downtown Master Plan. • Purchase Price : $4,950,000.00 • Financing : Lump sum to be paid from CDC fund balance at the time of closing • Earnest money in the amount of $10,000.00 • Closing to commence prior to the end of the year (May be extended if both parties agree) • Special Warranty Deed to be issued to the CDC at closing • CDC to leaseback Bengal Property to Bengal Anna Plaza, LLC. for six full months unless terminated sooner--$15,000 per month FINANCIAL IMPACT: $4,950,000 for the property but the CDC will receive $75,000 back in lease payments over six months. BACKGROUND: The CDC Board of Directors is expected to vote on this item at their December 11, 2025, CDC/EDC Joint Board Meeting. Staff requests that Council's approval of this item be subject to the CDC Board approval on December 11th. STRATEGIC CONNECTIONS: This item supports the City of Anna Strategic Plan, specifically advancing the strategic outcome area: Vibrant. ATTACHMENTS: 1. Council Resolution - Coyote Den CDC Project 2. Exhibit A - Bengal Rahman PSA and Leaseback Agreement CITY OF ANNA, TEXAS RESOLUTION NO._______ A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS APPROVING A PROJECT OF THE ANNA COMMUNITY DEVELOPMENT CORPORATION INCLUDING A PURCHASE AND SALE CONTRACT FOR PROPERTY OWNED BY BENGAL ANNA PLAZA, LLC, AND FAIZUR RAHMAN LOCATED ALONG OR NEAR STATE HIGHWAY 5 AND A LEASEBACK OF THE BENGAL ANNA PLAZA, LCC, PROPERTY WHEREAS, the City Council of the City of Anna, Texas (the “City Council”) anticipates that the Anna Community Development Corporation (the “CDC”) Board of Directors will consider a purchase and sale agreement in the form of a real estate contract including provisions for a leaseback to obtain ownership of all or portions of certain real estate as described in further detail in the Contract for Sale and Partial Leaseback of Real Property attached hereto as Exhibit A (the “Project”); and WHEREAS, the City Council finds that the Project will promote new or expanded business development in and near the City of Anna, Texas; NOW THEREFORE, BE IT RESOLVED BY CITY COUNCIL OF THE CITY OF ANNA, TEXAS, THAT: Section 1. Findings Section 2. Approval of Project and Funding ADOPTED AND APPROVED on this 9th day of December 2025. CONTRACT FOR SALE AND PARTIAL LEASEBACK OF REAL PROPERTY PAGE 1 CONTRACT FOR SALE AND PARTIAL LEASEBACK OF REAL PROPERTY This Contract for Sale and Partial Leaseback of Real Property (this “Agreement”) is made on the 20th day of November 2025 by and amongst Bengal Anna Plaza, LLC, a Texas limited liability company with its principal place of business at 551 Ambrym Dr, Fairview, TX 75069 (“Bengal”), Faizur Rahman, a natural person residing at 551 Ambrym Dr, Fairview, TX 75069 (“Rahman”) and the Anna Community Development Corporation, a Texas type b Development Corporation located at 120 W. 7th Street, Anna, Texas 75409 (the “CDC”). Recitals Bengal is the owner of real property including the tract described below (the “Bengal Property”), located at the street address commonly known as 699 S. Powell Parkway, Anna, Texas 75409, situated in the Henry Brantley Survey, Abstract No. 71, in the City of Anna, Collin County, Texas, and being all of that called 0.44 acre tract of land, described in deed to Bengal Anna Plaza, LLC, as recorded under Document No. 20211018002118710, of the Official Public Records, Collin County, Texas, said tract being more particularly described in Exhibit A-1 attached to this Agreement. Bengal desires to sell and the CDC desires to purchase the Bengal Property in fee simple on the terms stated below, with conveyance to be made by special warranty deed. The CDC and Bengal desire that Bengal lease and occupy the Bengal Property (the “Bengal Leaseback”) for a certain period of time after the CDC purchases the Bengal Property on the terms stated below and in the Bengal Leaseback. Rahman is the owner of real property including the tract described below (the “Rahman Property”), located at the street address commonly known as 601 S. Powell Parkway, Anna, Texas 75409, situated in the Henry Brantley Survey, Abstract No. 71, in the City of Anna, Collin County, Texas, and being all of that called 0.66 acre tract of land, described in deed to Faizur Rahman, as recorded under Document No. 2023000119864, of the Official Public Records, Collin County, Texas, said tract being more particularly described in Exhibit A-2 attached to this Agreement. Rahman desires to sell and the CDC desires to purchase the Rahman Property in fee simple on the terms stated below, with conveyance to be made by special warranty deed. The Bengal Property and the Rahman Property are sometimes referred to collectively in this Agreement as the “Property”. The effective date of this Agreement is the date upon which this Agreement has been duly approved by the City and has been executed by all parties named above (the “Effective Date”). Bengal, Rahman and the CDC contract as follows incorporating the recitals set forth above: Section 1. Purchase Price/Earnest Money The total cash purchase price of the Property (including both the Bengal Property and the Rahman Property) is $4,950,000 (the “Purchase Price”) payable to Bengal and Rahman at Closing and thereafter to be divided between Bengal and Rahman as they determine in their sole discretion except that Bengal and Rahman acknowledge that they are separately obligated to pay their real estate broker, Rodney Blaukat of RE/MAX Signature Properties (“Sellers’ Broker”), from the Purchase Price paid at closing the amount of $50,000.00. Notwithstanding any provision of this Agreement, the CDC shall have no obligation to pay any sum to Sellers’ Broker. dotloop signature verification: dtlp.us/psVv-H5h2-ufXf CONTRACT FOR SALE AND PARTIAL LEASEBACK OF REAL PROPERTY PAGE 2 Section 2. Title Company/Property Tax/Additional Obligations 2.1 On the execution of this Agreement, the CDC shall deliver a copy of same to Elevate Title. Attn: Tracy Koonce, 604 W. White Street, Suite B, Anna, TX 75409 (the “Title Company”) along with Earnest Money in the amount of $10,000 which shall be applied to the Purchase Price at Closing. 2.2 At Closing (as defined in Section VI of this Agreement), the CDC will pay the full amount of the Purchase Price to Bengal and Rahman with the passing of title of the Property to the CDC as specified in this Agreement. The Purchase Price shall be paid in U.S. dollars in the form of a cashier’s check or other form acceptable to Bengal and Rahman. 2.3 Bengal shall be solely responsible to timely pay or cause to be paid all 2025 ad valorem taxes prorated for the time period up until closing and all previous years’ ad valorem taxes on the Bengal Property. Rahman shall be solely responsible to timely pay or cause to be paid all 2025 ad valorem taxes prorated for the time period up until closing and all previous years’ ad valorem taxes on the Rahman Property. 2.4 At Closing, the CDC and Bengal shall enter into a leaseback agreement (the “Bengal Leaseback”) under which the CDC shall lease the Bengal Property to Bengal to allow for its current use by Bengal to continue for six months after the Closing, including Bengal’s right to collect and retain rent of any tenants leasing from Bengal on the Property during said six-month time period. Section 3. Surveys/ Feasibility Period 3.1 Not later than December 5, 2025, the CDC, at its sole cost, will furnish the Title Company with a survey of the Bengal Property and the Rahman Property. The survey shall be a current on-the-ground survey that substantially complies with the requirements of a Category 1A, Condition I or II (as applicable) survey in the Manual of Practice for Land Surveying in the State of Texas promulgated by the Texas Board of Professional Land Surveying, as amended, and shall be adequate to enable the Title Company to delete the survey exception in the Title Policy (except for “shortages in area”), at the CDC’s expense. If, for any reason, the Closing does not occur, the surveys referenced herein shall remain the property of the CDC. 3.2 The CDC shall have fifteen (15) calendar days (the “Feasibility Review Period”) after the Effective Date in which to conduct environmental testing, geotechnical borings and other studies of the Property as determined by the CDC in its sole discretion and at its sole cost, and, in connection therewith, the CDC and its agents and contractors shall have the right of entry onto the Property for such purposes. If the CDC determines, in its sole discretion, that the Bengal Property and/or the Rahman Property is not suitable for the CDC’S intended use or purpose or for no reason at all, the CDC shall have the right upon written notice to Bengal and Rahman within the Feasibility Review Period to terminate this Agreement in which event the Earnest Money shall be fully and completely refunded to the CDC. If the CDC terminates this Agreement in accordance with this Section 3.2, the parties shall have none of the obligations set forth under Section 2 or otherwise set forth in this Agreement. Section 4. Titles and Title Investigation 4.1 Title Commitment. No later than December 12, 2025, the title officer shall have examined the abstracts covering the Property and shall have furnished: (1) the CDC with a Title Commitment(s) for title to the Bengal Property and the Rahman Property and legible copies of the instruments referenced in said Title Commitment. “Title Commitment” means a Commitment for Issuance of a Title Policy, stating the condition of title to the Property. The “effective date” stated in the Title Commitment must be after the Effective Date of this Agreement. “Title Policy” means an Owner Policy of Title Insurance issued by Title Company, in conformity with the last Title Commitment delivered to and approved by the respective parties to this Agreement. The CDC shall pay all costs associated with any Title Commitment issued to the CDC under this Agreement. dotloop signature verification: dtlp.us/psVv-H5h2-ufXf CONTRACT FOR SALE AND PARTIAL LEASEBACK OF REAL PROPERTY PAGE 3 4.2 Title Objections. Within seven (7) days of the date that the CDC receives the Title Commitment(s) (“Title Objection Deadline”) the CDC shall have reviewed the Title Commitment(s) and CDC Survey and notify Title Company of its objections to any of them (“Title Objections”). If the CDC notifies the title company of any Title Objections, the then current owner of the tract in question has five (5) days from receipt of the Title Objections to notify the CDC whether and to what extent the owner agrees to cure the Title Objections before Closing (“Cure Notice”). If an owner does not timely provide its Cure Notice or timely gives its Cure Notice but does not agree to cure all the Title Objections at least seven (7) days before Closing, the CDC may notify the owner that either this Agreement is terminated or the CDC will proceed to close, subject to such objections, which the CDC shall accept and to which the owner has no responsibility to cure. 4.3 Specific Obligations. Notwithstanding the foregoing or any other provision of this Agreement, the CDC shall have the right to terminate this Agreement at any time before Closing if Bengal and/or Rahman—at least thirty days before Closing—fail to provide certified, recorded releases of all the obligations listed below (collectively, the “Specific Obligations”) in which event the Earnest Money shall be fully and completely refunded to the CDC. Specific Obligation No. 1: Vendor's Lien securing the payment of one note in the principal amount of $2,381,000.00 recorded as Document No. 20210519001013530, Real Property Records, Collin County, Texas; corrected under Clerk's File No. 20211018002118710, Real Property Records, Collin County, Texas. Specific Obligation No. 2: Deed of Trust recorded as Document No. 20210519001013540, Real Property Records, Collin County, Texas. Specific Obligation No. 3: Assignment of Rents recorded as Document No. 20210519001013550, Real Property Records, Collin County, Texas. Specific Obligation No. 4: Subordination Agreement recorded as Document No. 20210519001013560, Real Property Records, Collin County, Texas. Specific Obligation No. 5: Lessee's Assignment of Lease and Subordination recorded as Document No. 20210519001013570, Real Property Records, Collin County, Texas. Specific Obligation No. 6: Vendor's Lien securing the payment of one note in the principal amount of $350,000.00 recorded as Document No. 2023000119864, Real Property Records, Collin County, Texas. Specific Obligation No. 7: Deed of Trust recorded as Document No. 2023000119865, Real Property Records, Collin County, Texas. Specific Obligation No. 8: Assignment recorded as Document No. 2023000130189, Real Property Records, Collin County, Texas. Specific Obligation No. 9: Landlord’s Subordination Agreement recorded as Document No. 2025000101459, Real Property Records, Collin County, Texas. Specific Obligation No. 10: Deed of Trust, Security Agreement and Financing Statement recorded as Document No. 2025000102770, Real Property Records, Collin County, Texas. Specific Obligation No. 11: Assignment of Leases and Rent recorded as Document No. 2025000102771, Real Property Records, Collin County, Texas. Specific Obligation No. 12: Any and all additional obligations that would make title to all or any part of the Property unmarketable or encumber or cloud the title in any manner, including but not limited to any and all liens, deeds of trust, notes, claims, assignments, subordination agreements, leases (except those leases expressly permitted under this Agreement), security agreements, or any other encumbrance that could give rise to a claim against the Property or any part thereof due to any type of debt or other obligations. dotloop signature verification: dtlp.us/psVv-H5h2-ufXf CONTRACT FOR SALE AND PARTIAL LEASEBACK OF REAL PROPERTY PAGE 4 Section 5. Leaseback and Existing Leases 5.1 Simultaneously with Closing and transfer of title of the Bengal Property to the CDC, Bengal and the CDC shall execute and deliver the Leaseback of the Bengal Property with CDC as lessor and Bengal as lessee, in the form and content set forth in Exhibit B attached to this Agreement (the “Bengal Leaseback”). The Bengal Leaseback shall terminate upon the expiration of six full months after the month in which Closing occurs or earlier if terminated earlier in accordance with the terms of the Bengal Leaseback. 5.2 Bengal represents and warrants that it is the sole owner of the Bengal Property and agrees that Bengal shall indemnify and hold the CDC harmless from any claim by any person or entity claiming any right(s) under any lease, leasehold interest, or other possessory interest in the Bengal Property and/or any events or incidents occurring on the Bengal Property until such time as the Bengal Leaseback terminates. Nothing in this Agreement shall be construed to limit, restrict, or otherwise modify any obligations including without limitation indemnification or hold harmless provisions set forth in the Bengal Leaseback. In the event of any conflict between this Agreement and the Bengal Leaseback, the Bengal Leaseback will control. Section 6. Closing of Title The Closing of the purchase, sale, and transfer of the Property to the CDC under the terms of this Agreement (“Closing”) shall occur on or before December 31, 2025 or this Agreement shall terminate; provided, however, that the Closing may be extended to a date after December 31, 2025 if mutually agreed upon in writing. Each party shall pay their own closing costs and attorney fees related to these transactions. Section 7. Miscellaneous 7.1 Notices. Any notice required by or permitted under this Agreement must be in writing. Any notice required by this Agreement will be deemed to be delivered (whether actually received or not) when deposited with the United States Postal Service, postage prepaid, certified mail, return receipt requested, and addressed to the intended recipient at the address shown in this Agreement. Notice may also be given by regular mail, personal delivery, courier delivery and will be effective when actually received. Any address for notice may be changed by written notice delivered as provided herein. To the CDC: Anna Community Development Corporation 120 W. 7th Street Anna, Texas 75409 With a copy to: Clark McCoy Wolfe, Tidwell & McCoy, LLP 2591 Dallas Parkway, Suite 300 Frisco, Texas 75034 dotloop signature verification: dtlp.us/psVv-H5h2-ufXf CONTRACT FOR SALE AND PARTIAL LEASEBACK OF REAL PROPERTY PAGE 5 To Bengal: Bengal Anna Plaza, LLC 551 Ambrym Dr, Fairview, TX 75069 To Rahman: Faizur Rahman 551 Ambrym Dr, Fairview, TX 75069 7.2 Entire Contract. This Agreement, together with its recitals, exhibits, and any documents required to be delivered at Closing constitute the entire agreement of the parties concerning the purchase and sale of the real property subject to sale, purchase, exchange, and leasebacks hereunder. There are no oral representations, warranties, agreements, or promises pertaining to the subject of this Agreement not incorporated in writing in this Agreement. 7.3 Amendment. This Agreement may be amended only by an instrument in writing signed by all parties. 7.4 Assignment. This Agreement shall not be assigned by either party without the other party’s written consent for assignment to a specific buyer. 7.5 Survival. Unless otherwise stated herein, the obligations of this Agreement that cannot be performed before termination of this Agreement or before Closing will survive termination of this Agreement or Closing, and the legal doctrine of merger will not apply to such obligations. 7.6 Choice of Law; Venue; Alternative Dispute Resolution. This Agreement will be construed under the laws of the state of Texas, without regard to choice-of-law rules of any jurisdiction. Exclusive venue for any dispute arising under, in connection with, or in any manner related to this Agreement is in Collin County, Texas. Time permitting, the parties will submit in good faith to a nonbinding alternative dispute resolution process (mediation) before filing a suit concerning this Agreement. The parties shall not under any circumstances be required to submit any dispute to arbitration. 7.7 Waiver of Default. It is not a waiver of default if the nondefaulting party fails to declare or delays declaring a default or delays taking any other action with respect to the default. 7.8 No Third-Party Beneficiaries. There are no third-party beneficiaries of this Agreement. 7.9 Severability. The provisions of this Agreement are severable. If a court of competent jurisdiction finds that any provision of this Agreement is unenforceable, the remaining provisions will remain in effect without the unenforceable parts. 7.10 Ambiguities Not to Be Construed against Party Who Drafted Contract. The rule of construction that ambiguities in a document will be construed against the party who drafted it will not be applied in interpreting this Agreement. 7.11 No Special Relationship. The parties’ relationship is an ordinary commercial relationship, and they do not intend to create the relationship of principal and agent, partnership, joint venture, or any other special relationship. 7.12 Counterparts. If this Agreement is executed in multiple counterparts, all counterparts taken together will constitute this Agreement. 7.13 Confidentiality. The parties will keep confidential this Agreement, this transaction, and all information learned in the course of this transaction, except to the extent disclosure is required by law or court order or to enable third parties to advise or assist a party to investigate title or either party to close this transaction. dotloop signature verification: dtlp.us/psVv-H5h2-ufXf CONTRACT FOR SALE AND PARTIAL LEASEBACK OF REAL PROPERTY PAGE 6 7.14 Attorneys' Fees. The prevailing party in any proceeding brought to enforce this Agreement, or brought relating to the transaction contemplated by this Agreement, will be entitled to recover, from the non-prevailing party, court costs, reasonable attorneys' fees and all other reasonable related expenses. 7.15 Contract as Offer. The execution of this Agreement by the first party to do so constitutes an offer to purchase or sell the Property. If the other party does not accept that offer by signing this Agreement and delivering a fully executed copy to the first party within ten (10) days after the date this Agreement is executed by the first party, then the first party may withdraw that offer by delivering a written notice to the other party. 7.16 Commission. Except as expressly set forth in this Agreement, the parties hereby represent to each other that neither has entered into any agreement or understanding that would give rise to a real estate commission being owed in connection with this Agreement or the conveyance or lease of any property, and each of the parties shall indemnify and hold the other harmless against any commission, payment, interest or participation claimed on account of this Agreement with any party under any alleged agreement or understanding entered into on that party’s behalf with the person or entity claiming the commission, payment, interest or participation. In witness of their agreement, the parties have executed this Agreement on the date(s) shown below. ANNA COMMUNITY DEVELOPMENT CORPORATION, a Texas Type B Development Corporation By: ___________________________________________ Printed Name: _____________________________ Title: ____________________________ Date: __________________ STATE OF TEXAS § § COUNTY OF COLLIN § Before me, the undersigned notary public, on the ____ day of ____________ 2025, personally appeared ________________________ known to me (or proved to me) to be the person whose name is subscribed to the foregoing instrument and acknowledged to me that he executed the same in his capacity as ____________ and on behalf of ______________. _________________________________ Notary Public, State of Texas dotloop signature verification: dtlp.us/psVv-H5h2-ufXf CONTRACT FOR SALE AND PARTIAL LEASEBACK OF REAL PROPERTY PAGE 7 BENGAL ANNA PLAZA, LLC, a Texas limited liability company By:__________________________________ Faizur Rahman, its Manager and Owner STATE OF TEXAS § § COUNTY OF COLLIN § Before me, the undersigned notary public, on the ____ day of ____________ 2025, personally appeared Faizur Rahman known to me (or proved to me) to be the person whose name is subscribed to the foregoing instrument and acknowledged to me that he executed the same in his capacity as Manager and Owner of Bengal Anna Plaza, LLC, and that all representations made by Faizur Rahman in the foregoing instrument are true and correct. _________________________________ Notary Public, State of Texas FAIZUR RAHMAN, an individual natural person _________________________________ Faizur Rahman STATE OF TEXAS § § COUNTY OF COLLIN § Before me, the undersigned notary public, on the ____ day of ____________ 2025, personally appeared Faizur Rahman known to me (or proved to me) to be the person whose name is subscribed to the foregoing instrument and acknowledged to me that he executed the same and that all representations made by Faizur Rahman in the foregoing instrument are true and correct. _________________________________ Notary Public, State of Texas Title Company Receipt Title Company acknowledges receipt of a copy of this Agreement executed by Bengal, Rahman, and the CDC. Elevate Title LLC By: ___________________ Tracy Koonce Date: ________________, 2025. Faizur Rahman dotloop verified 11/24/25 4:32 PM CST TCK5-TZRS-QHZ8-EYUN Faizur Rahman dotloop verified 11/24/25 4:32 PM CST GGEY-QEYF-PASD-BZOM dotloop signature verification: dtlp.us/psVv-H5h2-ufXf Exhibit A-1 Legal Description of Bengal Property dotloop signature verification: dtlp.us/psVv-H5h2-ufXf Exhibit A-2 Legal Description of Rahman Property dotloop signature verification: dtlp.us/psVv-H5h2-ufXf Exhibit B Bengal Leaseback BENGAL LEASEBACK AGREEMENT PAGE 1 LEASEBACK AGREEMENT THIS LEASEBACK AGREEMENT (this “Lease”) is entered into by and between the Anna Community Development Corporation, a Texas type-b corporation (“Landlord”) and Bengal Anna Plaza, LLC, a Texas limited liability company (“Tenant”). For valuable consideration the parties agree and act as follows: 1. Definitions. The following terms have the meanings set forth below: (a) Board of Directors. The Board of Directors of the Anna Community Development Corporation. (b) Conveyance Agreement. That certain Contract for Sale and Leaseback of Real Property under which fee simple title to the Property is sold and conveyed by Tenant to Landlord (c) Effective Date. The effective date of this Lease and the date upon which this Lease shall take effect is the date of the Closing, as that term is defined in Section VI of the Conveyance Agreement. (d) Lease Term. Unless terminated sooner in accordance with the terms of this Lease, a term commencing upon conveyance of the Property from Tenant to Landlord (“Conveyance Date”) under the Conveyance Agreement and ending on the expiration of the last day of the month that is six full months after the month during which the Conveyance Date occurred. (e) Leased Premises. The Leased Premises is located in the City of Anna, Collin County, Texas and solely includes: a tract of real property, including without limitation all buildings, structures, and other improvements located thereon, situated in the Henry Brantley Survey, Abstract No. 71, in the City of Anna, Collin County, Texas, and being all of that called 0.44 acre tract of land, described in deed to Bengal Anna Plaza, LLC, as recorded under Document No. 20211018002118710, of the Official Public Records, Collin County, Texas, said tract being more particularly described in Exhibit 1. (f) Permittees. All officials, officers, directors, sublessees, employees, agents, contractors, customers, visitors, persons, and invitees of Tenant at the Leased Premises. (g) Permitted Exceptions. The conditions, restrictions, easements and encumbrances, if any, affecting title to the Leased Premises set forth in the owner’s title of policy insurance obtained by Landlord pursuant to the Conveyance Agreement. (h) Property. The real property that has the same boundaries as the Leased Premises. (i) Specific Use. The use by Tenant or a sublessee of Tenant of the Leased Premises or a portion thereof solely as the site of a convenience store and/or other uses permitted by applicable zoning ordinance of the City of Anna, Texas (the “City”) provided that a validly issued certificate(s) of occupancy for any such use is obtained from the City. 2. Demise, Lease Term. (a) Demise and Grant of Leased Premises. Landlord hereby leases to Tenant and Tenant accepts from Landlord under the terms, provisions and conditions of this Lease the Leased Premises solely for the Specific Use commencing on the Effective Date hereof and continuing until the expiration of the Lease Term or earlier dotloop signature verification: dtlp.us/psVv-H5h2-ufXf BENGAL LEASEBACK AGREEMENT PAGE 2 termination as hereinafter provided. The Lease Term and this Lease shall automatically expire immediately if: (1) the Leased Premise is used for any purpose other than the Specific Use; or (2) the Specific Use is not continued for a period of more than 30 consecutive days. (b) Quiet Enjoyment. Upon Tenant’s payment of all rent hereunder as same becomes due and observance and performance of the covenants, terms and conditions to be observed and performed by Tenant pursuant to this Lease, Tenant shall have throughout the Lease Term, peaceful, quiet and undisturbed use and possession of the Leased Premises solely for the Specific Use and all rights and privileges appertaining thereto, subject to the terms, conditions and provisions of this Lease. (c) Landlord’s Title, Subordination. Landlord covenants, represents and warrants to Tenant as follows: (1) Title. Landlord hereby represents and warrants that it owns good and indefeasible fee simple title in and to the Leased Premises, subject only to the Permitted Exceptions, and has full right and authority to make this Lease. (2) No Actions. To the best of Landlord’s knowledge, there are no actions, suits or proceedings pending or threatened against Landlord and affecting any portion of the Leased Premises, at law or in equity, or before any federal, state, municipal or other governmental court, department, commission, board, bureau, agency or instrumentality, domestic or foreign. (3) Authority. The execution and consummation of this Lease by Landlord has been duly authorized and does not result in a breach of any of the terms or provisions of, or constitute a default under, any indenture, agreement, instrument or obligation to which Landlord is a party or by which the Leased Premises or any portion thereof is bound. However, notwithstanding the foregoing or any term or provision of this Lease, any and all rights and obligations of Landlord and Tenant hereunder are subject to and shall not be effective unless and until there has been formal approval or conditional approval by the Board of Directors of this Lease at a duly noticed public meeting. (d) Condition of Leased Premises. TENANT UNDERSTANDS AND ACKNOWLEDGES ITS ACCEPTANCE OF THE LEASED PREMISES IS WITHOUT RECOURSE, REPRESENTATION OR WARRANTY (EXCEPT AS SPECIFICALLY SET OUT HEREIN) OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY AND LANDLORD IS LEASING THE LEASED PREMISES AS IS, WHERE IS, AND WITH ALL FAULTS, AND WITHOUT REPRESENTATIONS OR WARRANTY (ALL OF WHICH LANDLORD HEREBY DISCLAIMS) AS TO FITNESS FOR ANY PARTICULAR PURPOSE, MERCHANTABILITY, DESIGN, QUALITY, LAYOUT, FOOTAGE, PHYSICAL CONDITION, OPERATION, COMPLIANCE WITH SPECIFICATIONS, ABSENCE OF LATENT DEFECTS, OR COMPLIANCE WITH LAWS AND REGULATIONS. TENANT HEREBY ASSUMES ALL RISK AND LIABILITY (AND AGREES THAT LANDLORD SHALL NOT BE LIABLE FOR ANY SPECIAL, DIRECT, INDIRECT, CONSEQUENTIAL, OR OTHER DAMAGES) RESULTING OR ARISING FROM OR RELATING TO THE OCCUPANCY, CONSTRUCTION, USE, CONDITION, LOCATION, MAINTENANCE, REPAIR, OR OPERATION OF THE LEASED PREMISES. TENANT ACKNOWLEDGES THAT TENANT HAS INSPECTED THE LEASED PREMISES AND ACCEPTS THE LEASED PREMISES “AS IS,” “WHERE IS,” AND “WITH ALL FAULTS.” 3. Rent. Tenant shall pay Landlord the following amounts: (a) Rent. dotloop signature verification: dtlp.us/psVv-H5h2-ufXf BENGAL LEASEBACK AGREEMENT PAGE 3 (1) Tenant shall pay to Landlord as rent (“Rent”) to occupy the Leased Premises for the duration of the Lease Term, $15,000 per month or partial month (with no proration), with the first payment due on the fifth day after the Conveyance Date and the additional payments due on the fifth day of each full month following the month in which the Conveyance Date occurs. (2) If for any reason the Tenant occupies or possesses the Leased Premises or any portion thereof after the expiration of the Lease Term for any reason, the Rent shall increase to $25,000 per month or partial month (with no proration) due on the fifth day of each month beginning with the month following expiration of the Lease Term. 4. Improvements, Additions and Repairs. (a) Delivery of Leased Premises. Landlord shall deliver exclusive possession of the Leased Premises to Tenant upon the beginning of the Lease Term, subject only to the provisions and terms of this Lease and the Permitted Exceptions. (b) Alterations and Improvements. With the exception of signs erected in conformance with applicable laws and ordinances, and construction of Improvements as approved in writing by Landlord and, set forth on one or more site plans submitted to and formally approved by the Board of Directors during a duly posted meeting, and constructed in accordance with construction plans submitted to and approved in writing by the City or City staff, Tenant may not at any time construct, alter, change, expand any Improvements now or hereafter situated on the Leased Premises. If any such new construction by Tenant is at any time approved: (1) All such work shall be performed in a good and workmanlike manner, in accordance with accepted standards of engineering and architecture, if applicable, and in accordance with local, state and federal law, including but not limited to the Americans with Disabilities Act; and (2) Such construction, alteration, additions, changes or demolishment shall be in compliance with all applicable building codes, zoning, rules, regulations and ordinances affecting construction of such alterations, additions, and changes and shall be commenced only after Tenant has been duly granted all legally required permits for same. (c) No Mechanic’s Liens. Tenant shall not permit any mechanic’s or materialman’s liens to be filed against Landlord’s interest in the Leased Premises arising out of the Tenant Improvements, and TENANT SHALL INDEMNIFY, DEFEND (USING COUNSEL ACCEPTABLE TO LANDLORD IN ITS REASONABLE DISCRETION), AND HOLD HARMLESS LANDLORD FROM AND AGAINST ANY COSTS, LIABILITY OR EXPENSE, INCLUDING ATTORNEYS FEES AND RELATED EXPENSES, ATTRIBUTABLE TO ANY SUCH LIENS OR THE REMOVAL OF SAME. Tenant’s obligations under this paragraph 4(c) shall expressly survive the expiration or earlier termination of this Lease. (d) Legal/Environmental. Tenant or any sublessee of Tenant shall use the Leased Premises solely for the Specific Use, shall conduct its business in a lawful manner and shall not make or permit any unlawful use or condition of the Leased Premises. Tenant will, at its own expense, promptly comply with all laws, regulations, and ordinances affecting the Leased Premises and the cleanliness, safety, occupancy, and use thereof. TENANT SHALL INDEMNIFY, DEFEND (USING COUNSEL ACCEPTABLE TO LANDLORD IN ITS REASONABLE DISCRETION) AND HOLD HARMLESS LANDLORD FROM AND AGAINST ANY COST, LIABILITY OR EXPENSE ARISING OUT OF OR ATTRIBUTABLE TO ANY CLAIMS, DEMANDS, CAUSES OF ACTION, dotloop signature verification: dtlp.us/psVv-H5h2-ufXf BENGAL LEASEBACK AGREEMENT PAGE 4 FINES, PENALTIES, LIABILITY OR EXPENSES (INCLUDING ATTORNEY FEES, RELATED EXPENSES, AND COURT COSTS) ARISING OUT OF OR RELATED TO THE EXISTENCE, REMOVAL OR DISPOSAL OF ANY TOXIC OR HAZARDOUS SUBSTANCES OR MATERIALS WITHIN OR UPON THE LEASED PREMISES CAUSED BY TENANT, ITS EMPLOYEES, OFFICERS, AGENTS, SUBLESSEES OR REPRESENTATIVES BEFORE OR DURING THE LEASE TERM. FOR PURPOSES HEREOF, THE PHRASE “TOXIC OR HAZARDOUS SUBSTANCES OR MATERIALS” SHALL INCLUDE ITEMS COVERED BY THE COMPREHENSIVE ENVIRONMENTAL RESPONSE, COMPENSATION AND LIABILITY ACT OF 1980, 42 U.S.C. §§9601-75(1986), AS AMENDED BY THE SUPERFUND AMENDMENT AND REAUTHORIZATION ACT, PUB. L. NO. 99-499, 100 STAT. 1613 (1986) (“CERCLA”), THE TOXIC SUBSTANCES CONTROL ACT, 15 U.S.C. §2601 ET SEQ., THE CLEAN WATER ACT, 33 U.S.C. §1251 ET SEQ., THE SAFE DRINKING WATER ACT, 42 U.S.C. §§300(f)-300(j), AND OTHER FEDERAL, STATE AND LOCAL LAWS NOW OR HEREAFTER IN EFFECT GOVERNING THE EXISTENCE, REMOVAL OR DISPOSAL OF TOXIC OR HAZARDOUS SUBSTANCES OR MATERIALS. Tenant’s obligations under this paragraph 4(d) shall expressly survive the expiration or earlier termination of this Lease. (e) Repairs. Tenant shall, at its sole cost and expense, perform all repairs and preventative maintenance necessary to maintain the Leased Premises in good condition and repair, ordinary wear and tear excepted, and keep the Leased Premises in compliance with applicable law throughout the Lease Term. The foregoing shall not in any way impair or limit Tenant’s right to make alterations or additions to the Leased Premises as set forth in paragraph 4(b) above. Tenant’s obligations under this paragraph 4(e) shall expressly survive the expiration or earlier termination of this Lease. (f) Tenant’s Fixtures. Notwithstanding any provision of this Agreement, Tenant may install in or upon the Leased Premises such trade fixtures and equipment as Tenant deems desirable, provided that Tenant does so in accordance with a written plan demonstrating the size and configuration of such fixtures and equipment upon the Leased Premises. All of said items shall remain Tenant’s property whether or not affixed or attached to the Leased Premises. Tenant may remove such items from the Leased Premises at any time during the Lease Term. Nothing contained in this paragraph 4(f) shall diminish Tenant’s obligations to maintain the Leased Premises pursuant to paragraph 4(e). (g) Platting, Site Plans, Approvals. Landlord and Tenant acknowledge that it may be necessary, from time-to-time, for Landlord or Tenant to seek governmental approvals with respect to platting, zoning, site plans, permitting and/or obtaining other permits in connection with its use and occupancy of the Leased Premises for the uses permitted hereby (collectively, “Approvals”). Landlord agrees to reasonably cooperate with Tenant and Tenant agrees to reasonably cooperate with Landlord with respect to its obtaining the Approvals and to execute such documents as may be required in order for Landlord and/or Tenant to obtain such Approvals. Tenant expressly understands and agrees that approval by the Board of Directors of this Lease does not constitute the Board of Directors’ granting of an Approval and does not bind the Board of Directors to grant or approve any other Approvals. 5. Utilities. Tenant shall at its own expense arrange with the appropriate utility suppliers for services to the Leased Premises, pay all connection, meter and service charges and deposits required to connect utilities to the Leased Premises, and pay such utility suppliers directly for such services. Landlord shall not pay any sum in connection with utility installation or service on the Leased Premises. 6. Use, Transfers, or Assignments. (a) Tenant’s Use. Except as prohibited or restricted by the Permitted Exceptions, Tenant may use the Leased Premises solely for the Specific Use, provided that such purpose and use is in conformity with all applicable dotloop signature verification: dtlp.us/psVv-H5h2-ufXf BENGAL LEASEBACK AGREEMENT PAGE 5 site plans, zoning, and Approvals, and other restrictions set forth in this Lease and which may otherwise apply to the Leased Premises. (b) Assignment, Subletting. Tenant shall not assign all or any part of this Lease or sublet all or any part of the Leased Premises without Landlord’s written consent, which shall not be unreasonable withheld; provided, however, that Tenant may sublease the Leased Premises to any establishment that leases space anywhere on the Leased Premises as of the Effective Date for the Specific Use, which such sublease shall: (1) be in a written form approved by Landlord without unreasonable denial or delay; and (2) terminate automatically at the expiration of the Lease Term or earlier termination as provided in this Agreement. In the case of any assignment or sublease permitted by Landlord, Tenant shall not be released from any liability. 7. Indemnification, Insurance. (a) INDEMNIFICATION. IN ADDITION TO AND CUMULATIVE OF ANY OTHER PROVISIONS OF THIS LEASE, TENANT SHALL INDEMNIFY, HOLD HARMLESS, AND, AT LANDLORD’S OPTION, DEFEND (USING COUNSEL ACCEPTABLE TO LANDLORD IN ITS REASONABLE DISCRETION) LANDLORD AND ITS OFFICIALS, OFFICERS, DIRECTORS, AGENTS AND EMPLOYEES (COLLECTIVELY, THE “INDEMNIFIED PARTIES”) FROM AND AGAINST ANY AND ALL LIABILITY, LIENS, CLAIMS, DEMANDS, DAMAGES, EXPENSES, FEES, COSTS, REASONABLE ATTORNEY FEES AND RELATED EXPENSES AND LITIGATION COSTS, FINES, PENALTIES, SUITS, PROCEEDINGS, ACTIONS AND CAUSES OF ACTION OF ANY AND EVERY KIND AND NATURE ARISING OUT OF OR RELATING IN ANY WAY TO TENANT’S USE, OCCUPANCY, CONSTRUCTION, MANAGEMENT, CONTROL OR SUBLEASE OF THE LEASED PREMISES, IMPROVEMENTS, REPAIR, OR TENANT’S OPERATIONS, CONDUCT OR ACTIVITIES, UNLESS AND TO THE EXTENT THE SAME IS DUE TO THE NEGLIGENCE, GROSS NEGLIGENCE, OR INTENTIONAL ACTS OR OMISSIONS OF LANDLORD, ITS AGENTS, EMPLOYEES OR CONTRACTORS. TENANT’S OBLIGATIONS UNDER THIS PARAGRAPH 7(a) SHALL SURVIVE THE EXPIRATION OR EARLIER TERMINATION OF THE LEASE TERM. (b) Tenant’s Insurance. Tenant shall, at its expense, obtain comprehensive general liability insurance against all claims on account of bodily injury, personal injury or property damage, for which Tenant may, as a result of its operations or other use of the Leased Premises, become liable. At a minimum, the insurance policies to be held by the Tenant shall be in effect at all times during the Lease Term, and shall include general liability insurance including personal injury liability, premises operations liability, and contractual liability, covering, but not limited to, the liability assumed under the indemnification and hold-harmless provisions of this Agreement, with limits of liability for bodily injury, death and property damage of not less than $1,000,000.00. Coverage must be on a “per occurrence” basis. All such insurance shall: (i) be issued by a carrier which is rated “A 1” or better by A.M. Best’s Key Rating Guide and licensed to do business in the State of Texas; and (ii) name the Landlord as an additional insured and contain a waiver of subrogation endorsement in favor of the Landlord. Upon request by the Landlord, the Tenant shall provide to the Landlord certificates of insurance evidencing such insurance coverage together with the declaration of such policies, along with the endorsement naming the Landlord as an additional insured. Each such policy shall provide that, at least 30 days prior to the cancellation, non-renewal or modification of the same, the Landlord shall receive written notice of such cancellation, non-renewal or modification. (c) Workers Compensation. Tenant shall maintain workers compensation or similar insurance affording not less than Texas statutory coverage minimums and providing not less than statutory limits or benefits for all employees of Tenant employed at the Leased Premises during the Lease Term. (d) Scope. The insurance policies or duly executed certificates thereof, together with satisfactory evidence that the premium has been paid, shall be provided to Landlord on or before the Effective Date of this dotloop signature verification: dtlp.us/psVv-H5h2-ufXf BENGAL LEASEBACK AGREEMENT PAGE 6 Lease; and, thereafter, evidence of continuing insurance and timely premium payments shall be delivered to Landlord not less than 30 days prior to the expiration of each policy required to be in force hereunder. If Tenant fails to maintain the required insurance or to deliver evidence of same this Lease will continue in full force and effect; provided, however, that Landlord may, but shall not be obligated to, obtain such insurance and be reimbursed by Tenant upon demand. (e) Waiver of Subrogation. Landlord shall not be liable by way of subrogation or otherwise to Tenant or to any insurance company insuring Tenant for any loss or damage to any of the property of the Landlord or Tenant covered by insurance even though such loss or damage might have been occasioned by the negligence of: (1) Landlord or its officers, directors, employees, agents, contractors, customers, or visitors and invitees of Landlord at the Leased Premises; or (2) Tenant or its Permittees. This waiver shall be in effect only so long as the applicable insurance or risk pool policies shall contain a clause or endorsement to the effect that the waiver shall not affect the right of the insured to recover under such policies. Tenant shall use its best efforts, including payment of any additional premium, to have its insurance policies contain the standard waiver of subrogation clause. In the event Tenant’s insurance carrier declines to include in such carrier’s policies a standard waiver of subrogation clause, Tenant shall promptly notify Landlord. 8. Destruction, Condemnation. (a) Destruction. (1) Cancellation. If any portion of the Improvements situated on the Leased Premises shall be damaged or destroyed, this Lease shall continue in full force and effect and shall not be affected thereby. (2) Restoration. In the event of unintended damage or destruction, Tenant shall remove any debris and cause the Leased Premises to be repaired or restored as Landlord may permit in writing, but in any event the Leased Premises shall be repaired or restored to a safe and sightly condition in compliance with all applicable laws. (3) Insurance Proceeds. All of Tenant’s insurance proceeds payable with respect to damage or destruction of the Improvements shall be retained by and be the property of Tenant. (b) Condemnation. (1) Taking. In the event of a taking by the power of eminent domain or conveyance in lieu thereof (“Taking”) of the whole or any part of the Leased Premises, this Lease shall terminate as to the portion so taken but shall remain in full force and effect as to the balance of the Leased Premises. (2) Awards. All compensation awarded for any Taking of the Leased Premises, including any interest of Landlord or Tenant therein, shall be the property of Landlord, and Tenant hereby assigns to Landlord all of Tenant’s rights, title and interest in and to any and all such compensation. (3) Restoration. If there is a Taking of all or part of the Leased Premises, Tenant, at its sole discretion and expense, shall restore and rebuild the Leased Premises, in such manner as Landlord may permit in writing, provided that the same shall be in accordance with all applicable laws. 9. General Provisions. dotloop signature verification: dtlp.us/psVv-H5h2-ufXf BENGAL LEASEBACK AGREEMENT PAGE 7 (a) Notice. “Notice” shall mean any notice, notification, consent, approval, request, designation, submission, specification, election or other communication required or permitted under this Lease. All notices required by or permitted under this Agreement must be in writing. Any notice required by this Agreement will be deemed to be delivered (whether actually received or not) when deposited with the United States Postal Service, postage prepaid, certified mail, return receipt requested, and addressed to the intended recipient at the address shown in this Agreement. Notice may also be given by regular mail, personal delivery, courier delivery and will be effective when actually received. Any address for notice may be changed by written notice delivered as provided herein. To the CDC: Economic Development Director City of Anna, Texas 120 W. 7th Street Anna, Texas 75409 With a copy to: Clark McCoy Wolfe, Tidwell & McCoy, LLP 2591 Dallas Parkway, Suite 300 Frisco, Texas 75034 To Tenant: Bengal Anna Plaza, LLC 551 Ambrym Dr, Fairview, TX 75069 (b) Entire Agreement. This Lease embodies the entire agreement and understanding between the parties as to the lease of the Leased Premises by Tenant and supersedes all prior negotiations, agreements and understandings pertaining to such lease. Any provision of this Lease may be modified, waived or discharged only by an instrument in writing signed by the party against which enforcement of such modification, waiver or discharge is sought. This Lease is not intended to be nor shall it be construed as a service contract or contract for the sale of goods by Landlord to Tenant. Landlord does not by entering into this Lease waive any immunities it may have under common law or statute. (c) Commission. Tenant and Landlord hereby represent to each other that neither has entered into any agreement or understanding that would give rise to a real estate commission being owed in connection with this Lease, and each of Landlord and Tenant shall indemnify and hold the other harmless against any commission, payment, interest or participation claimed on account of this Lease with any party under any alleged agreement or understanding entered into on that party’s behalf with the person or entity claiming the commission, payment, interest or participation. (d) Force Majeure. Each party shall be excused from performing an obligation or undertaking provided for in this Lease for so long as such performance is prevented, delayed, retarded or hindered by an Act of God, fire, earthquake, flood, explosion, action of the elements, war, invasion, insurrection, riot, mob violence, sabotage, strike, lockout, action of labor unions, requisitions, laws, or orders of government or civil or military authorities. dotloop signature verification: dtlp.us/psVv-H5h2-ufXf BENGAL LEASEBACK AGREEMENT PAGE 8 (e) Surrender. Upon the expiration of the Lease Term or earlier termination of this Lease, Tenant shall surrender the Leased Premises to Landlord. Tenant shall remove all Personal Property, which are not fixtures (other than trade fixtures installed by Tenant, which Tenant may remove. All other installations or improvements, including all infrastructure, structures, buildings, HVAC equipment, paneling, partitions, railings, mezzanine floors, and galleries made by either party shall be and become upon installation, the property of Landlord and shall be surrendered with the Leased Premises at the expiration or termination of this Lease unless Landlord notifies Tenant to the contrary in writing, in which event Tenant may remove such property at its expense. Any property not promptly removed by Tenant under the provisions of this subparagraph may, at Landlord’s option, be deemed to have been abandoned by Tenant and may be retained by Landlord without any claim by Tenant. Tenant shall in any event repair any damage to the Leased Premises caused by Tenant’s removal of any property. (f) Applicable Law, Construction. The laws of the State of Texas shall govern the validity, performance and enforcement of this Lease. Any dispute arising from, growing out of, or in connection with this Lease shall be filed in a State District Court in Collin County, Texas. The invalidity or unenforceability of any provision of this Lease shall not affect or impair any other provision. If any provision of this Lease is capable of two constructions, one of which would render the provision invalid and the other of which would make the provision valid, the provision shall have the meaning which renders it valid. The submission of this document for examination does not constitute an offer to lease, this document being effective only upon the conditions stated herein. (g) Time of the Essence. Time is of the essence with respect to each provision, term and covenant of this Lease. (h) Captions. The captions are for convenience and do not limit or define the provisions of this Lease. (i) Gender, Number. Whenever the sense of this Lease requires it, the use of (1) singular number shall be deemed to include the plural, (2) the masculine gender shall be deemed to include the feminine or neuter gender, and (3) the neuter gender shall be deemed to include the masculine and feminine gender. (j) Counterparts. This Lease may be executed in multiple counterparts, each of which shall be an original, but all of which shall constitute one instrument. (k) Contract Interpretation. This Lease is the result of negotiation between the parties, and shall, in the event of any dispute over the meaning or application of any portion thereof, be interpreted fairly and reasonably, and not to be more strictly construed against one party than another, regardless of which party originally drafted the language in dispute. (l) No Joint Venture. It is acknowledged and agreed by the parties that the terms hereof are not intended to and shall not be deemed to create a partnership or joint venture among the parties. (m) Binding Effect. All provisions of this Lease shall be binding upon and inure to the benefit of the parties and their respective successors and permitted assigns. [REMAINDER OF PAGE LEFT BLANK INTENTIONALLY] dotloop signature verification: dtlp.us/psVv-H5h2-ufXf BENGAL LEASEBACK AGREEMENT PAGE 9 LANDLORD: ANNA COMMUNITY DEVELOPMENT CORPORATION By: ___________________________________________ Printed Name: _____________________________ Title: ____________________________ Date: __________________ STATE OF TEXAS § § COUNTY OF COLLIN § Before me, the undersigned notary public, on the ____ day of ____________, 2025, personally appeared ________________________ known to me (or proved to me) to be the person whose name is subscribed to the foregoing instrument and acknowledged to me that he executed the same in his capacity as ____________ and on behalf of ______________. _________________________________ Notary Public, State of Texas TENANT: BENGAL ANNA PLAZA, LLC, a Texas limited liability company By:__________________________________ Faizur Rahman, its Manager and Owner STATE OF TEXAS § § COUNTY OF COLLIN § Before me, the undersigned notary public, on the ____ day of ____________ 2025, personally appeared Faizur Rahman known to me (or proved to me) to be the person whose name is subscribed to the foregoing instrument and acknowledged to me that he executed the same in his capacity as Manager and Owner of Bengal Anna Plaza, LLC. _________________________________ Notary Public, State of Texas Faizur Rahman dotloop verified 11/24/25 4:32 PM CST XHGH-81UD-8AE7-EAM6 dotloop signature verification: dtlp.us/psVv-H5h2-ufXf Exhibit 1 Leased Premises dotloop signature verification: dtlp.us/psVv-H5h2-ufXf Item No. 7.s. City Council Agenda Staff Report Meeting Date: 12/9/2025 Staff Contact: Natasha Roach AGENDA ITEM: Consider/Discuss/Action on a Resolution approving a project of the Anna Economic Development Corporation including entering into a Purchase and Sale Contract to acquire property near the intersection of Hackberry Drive and N. Powell Pkwy. (Assistant Director of Economic Development Natasha Roach) SUMMARY: The Anna Economic Development Corporation and the Greer family have reached terms regarding the sale of the property located at 504 Powell Parkway. The terms of the contract are as follows: • Purchase Price : $2,035,000.00 • Financing : Lump sum to be paid from EDC fund balance at the time of closing • Earnest money in the amount of $10,000.00 • Closing to commence prior to the end of the year • Special Warranty Deed to be issued to the EDC at closing FINANCIAL IMPACT: Purchase Price : $2,035,000.00 out of EDC Funds. BACKGROUND: The EDC Board of Directors is expected to vote on this item at their December 11, 2025, CDC/EDC Joint Board Meeting. Staff requests that Council's approval of this item be subject to the EDC Board approval on December 11th. STRATEGIC CONNECTIONS: This item supports the City of Anna Strategic Plan, specifically advancing the strategic outcome area: Vibrant. ATTACHMENTS: 1. Council Resolution - Greer EDC Project Resolution 2. Exhibit A - Greer Agreement CITY OF ANNA, TEXAS RESOLUTION NO._______ A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS APPROVING A PROJECT OF THE ANNA ECONOMIC DEVELOPMENT CORPORATION INCLUDING A PURCHASE AND SALE CONTRACT FOR PROPERTY OWNED BY JOE A. GREER, JR. AND REBECCA F. GREER WHEREAS, the City Council of the City of Anna, Texas (the “City Council”) anticipates that the Anna Economic Development Corporation (the “EDC”) Board of Directors will consider a purchase and sale agreement in the form of a real estate contract to obtain ownership of all or portions of certain real estate as described in further detail in the Real Estate Sales Contract attached hereto as Exhibit A (the “Project”); and WHEREAS, the City Council finds that the Project will promote new or expanded business development in and near the City of Anna, Texas; NOW THEREFORE, BE IT RESOLVED BY CITY COUNCIL OF THE CITY OF ANNA, TEXAS, THAT: Section 1. Findings Section 2. Approval of Project and Funding ADOPTED AND APPROVED on this 9th day of December 2025. Real Estate Sales Contract Page 1 of 11 Real Estate Sales Contract This Real Estate Sales Contract (this “Contract”) to buy and sell real property is between Seller and Buyer as identified below and is effective on the date (“Effective Date”) being the date that the Title Company acknowledges receipt of this Contract fully executed by Seller and Buyer and delivery to the Title Company of the Earnest Money. Buyer must deliver the Earnest Money to Title Company before the Earnest Money Deadline provided in section A.1. for this Contract to become effective. Seller(s): Joe A. Greer, Jr. Rebecca F. Greer Address: PO Box 272 Anna, TX 75409-0272 Buyer: Anna Economic Development Corporation Address: Attn: Economic Development Director 120 W. 7th Street Anna, TX 75409 Property: Being 3.76 acres of real property more or less, in the Henry Brantley Survey as shown in the attached Exhibit A (the “Property”), which includes the following three contiguous tracts located in the City of Anna, Collin County, Texas: Tract 1 - 0.9666 more or less acres of land with Property ID 1016108 commonly known by the address of 504 N. Powell Parkway; Tract 2 – 1.9147 more or less acres of land with Property ID 2634357; and Tract 3 – 0.76 more or less acres of land with Property ID 1017330 (collectively, the “Property”). Title Company: Red River Title Co. Attn: Brittany Eleby Address: 751 South Buddy Hayes Blvd #101, Anna, Texas 75409 Phone: (972)924-8777 Email: beleby@redrivertitle.com Underwriter: Title Company’s choice. Purchase Price $2,035,000.00 Earnest Money: $10,000.00 County for Performance: Collin County, Texas A.Deadlines and Other Dates If a deadline falls on a Saturday, Sunday, or national holiday, the deadline will be extended to the next day that is not a Saturday, Sunday, or national holiday. A national holiday is a holiday designated by the federal government. Time is of the essence. 1.Earnest Money Deadline: within three (3) business days of the Effective Date. 2.Delivery of Title Commitment: twenty (20) days after the Effective Date. 3.Delivery of legible copies of instruments referenced in the Title Commitment: twenty (20) days after Real Estate Sales Contract Page 2 of 11 the Effective Date. 4. Delivery of Title Objections: ten (10) days after the delivery of the Title Commitment, legible copies of the instruments referenced in the Title Commitment, and the Survey. 5. Closing Date: a mutually agreeable date that is on or before the thirtieth (30th) day after the end of the Feasibility Review Period. The Closing Date shall not be extended unless extended under a mutually agreeable duly executed amendment to this Contract. 6. Delivery of Survey: twenty (20) days after the Effective Date. 7. Due Diligence Materials: within five (5) days of the Effective Date, Seller will deliver true, complete and correct copies of any and all of the following types of documents that relate to all or any portion of the Property and that are in Seller's possession or are obtainable by Seller through reasonable effort: a. pending or proposed governmental matters including, without limitation, TxDot, county or municipal notifications including without limitations any offers to purchase the Property or any actions related in any manner to eminent domain having any effect on the Property and any lis pendens, judgments, or abstracts of judgments concerning the Property; b. existing Surveys; c. existing final plats and/or preliminary plats as applicable; and d. copies of all existing studies, plans, analyses, estimates, ordinances, resolutions, appraisals, contracts, leases and other materials pertinent to the Property. 8. Feasibility Review Period: thirty (30) days after the Effective Date. B. Closing Documents 1. At closing, Seller will deliver the following items to the Title Company: Special Warranty Deed, subject only to the Permitted Exceptions, in form attached hereto as Exhibit C (the “Deed") IRS Nonforeign Person Affidavit 2. At closing, Buyer will deliver the following items to the Title Company: Evidence of Buyer’s authority to consummate this transaction The documents listed in this section B are collectively known as the “Closing Documents.” C. Exhibits The following exhibits are attached to and are a part of this Contract as if set forth in full here for all purposes: Exhibit A—Description of the Property Exhibit B—Sellers Representations Exhibit C—Deed Real Estate Sales Contract Page 3 of 11 D. Purchase and Sale of Property Seller agrees to sell and convey the Property to Buyer, and Buyer agrees to buy and pay Seller for the Property in accordance with the terms of this Contract. The promises by Buyer and Seller stated in this Contract are the consideration for the formation of this Contract. E. Earnest Money and Independent Consideration Buyer may direct Title Company to invest the Earnest Money in an interest-bearing account in a federally insured financial institution by giving notice to Title Company and satisfying Title Company’s requirements for investing the Earnest Money in an interest-bearing account. Any interest earned on the Earnest Money will be paid to the party that becomes entitled to the Earnest Money. If Buyer fails to deposit the Earnest Money, in accordance with A.1, with the Title Company, then Seller may, at Seller's option, terminate this Contract by delivering a written termination notice to Buyer at any time until Buyer deposits the Earnest Money with the Title Company. The Earnest Money shall be fully refundable to Buyer through the end of the Feasibility Period. Further, Buyer tenders to Seller and Seller acknowledges receipt of the sum of $100 as independent and non -refundable contract consideration for any options granted in this Contract. This independent consideration is in addition to any other deposits made under this Contract, is earned by Seller upon its execution of this Contract, and will not be credited against the Purchase Price. F. Title, Feasibility Review Period, and Survey 1. Title Advice. The following statutory notice is provided to Buyer on behalf of the real estate licensees, if any, involved in this transaction: Buyer is advised that it should either have the abstract covering the Property examined by an attorney of Buyer’s own selection or be furnished with or obtain a policy of title insurance. 2. Title Commitment; Title Policy. “Title Commitment” means a Commitment for Issuance of an Owner Policy of Title Insurance by Title Company, as agent for Underwriter, stating the condition of title to the Property. The “effective date” stated in the Title Commitment must be after the Effective Date of this Contract. “Title Policy” means an Owner Policy of Title Insurance issued by Title Company, as agent for Underwriter, in conformity with the last Title Commitment delivered to and approved by Buyer. 3. Feasibility Review Period. Buyer shall have thirty (30) days (the “Feasibility Review Period”) after the Effective Date in which to conduct environmental testing, geotechnical borings and other studies of the Property and, in connection therewith, Buyer and its agents and contractors shall have the right of e ntry onto the Property for such purposes and Buyer agrees to indemnify Seller for Buyer's on-site related Property activities and all costs associated with such entry and tests made on the Property; this indemnity shall survive closing or termination of this Contract. If Buyer determines, in Buyer’s sole and absolute discretion, that the Property is not suitable for Buyer’s intended use or purpose, Buyer shall have the right upon written notice to Seller within the Feasibility Review Period to terminate this Contract in which event the Earnest Money shall be fully and completely refunded to Buyer. 4. Intentionally Omitted. 5. Delivery of Title Commitment and Legible Copies. Seller must deliver the Title Commitment to Buyer by the deadline stated in section A.2. and legible copies of the instruments referenced in the Title Commitment by the deadline stated in section A.3. 6. Title Objections. Buyer has until the deadline stated in section A.4. (“Title Objection Deadline”) to review the Title Commitment, legible copies of the title instruments referenced in it, and the Survey and notify Seller of Buyer’s objections to any of them (“Title Objections”). Buyer will be deemed to have approved all matters reflected Real Estate Sales Contract Page 4 of 11 by the Title Commitment to which Buyer has made no Title Objection by the Title Objection Deadline. The matters that Buyer either approves or is deemed to have approved are “Permitted Exceptions.” If Buyer notifies Seller of any Title Objections, Seller has ten (10) days from receipt of Buyer’s notice to notify Buyer whether Seller agrees to cure the Title Objections before closing (“Cure Notice”). If Seller does not timely give its Cure Notice or timely gives its Cure Notice but does not agree to cure all the Title Objections before closing, Buyer may, within ten (10) days after the deadline for the giving of Seller’s Cure Notice, notify Seller that either this Contract is terminated (in which event the Earnest Money shall be refunded to Buyer) or Buyer will proceed to close, subject to Seller’s obligations to resolve the items listed in Schedule C of the Title Commitment, remove all liens affecting the Property, terminate all leases affecting the Property, remove all exceptions that arise by, through, or under Seller after the Effective Date, and cure only the Title Objections that Seller has agreed to cure in the Cure Notice. At or before closing, Seller must resolve the items that are listed on Schedule C of the Title Commitment, remove all such liens, terminate all such leases, remove all exceptions that arise by, through, or under Seller after the Effective Date of this Contract, and cure the Title Objections that Seller has agreed to cure. 7.Survey. Buyer, at Buyer's expense, will obtain a new survey of the Property and deliver a copy thereof to Seller by the deadline specified in A.6 above. The survey shall be a current on-the-ground survey of the Property that substantially complies with the requirements of a Category 1A, Condition I or II (as applicable) survey in the Manual of Practice for Land Surveying in the State of Texas promulgated by the Texas Board of Professional Land Surveying and shall be adequate to enable the Title Company to delete the survey exception in the Title Policy (except for “shortages in area”). Once the Survey has been completed, the legal description of the Property shown therein shall be substituted for the description in Exhibit A and shall serve as the lega l description of the Property in the Deed. G.Condition of the Property until Closing; Cooperation; No Recording of Contract; Lease 1.Maintenance and Operation. Until closing, Seller will (a) maintain the Property as it existed on the Effective Date, except for reasonable wear and tear and casualty damage; (b) operate the Property in the same manner as it was operated on the Effective Date; and (c) not further encumber the Property with liens, easements, restrictions or any other matter affecting title to the Property, or modify the terms of any existing leases, contracts or encumbrances, if any, without Buyer’s prior written consent, except that Seller must and shall fully terminate any leases without Buyer’s consent. 2. [Left Blank Intentionally.] 3. Condemnation. Seller will notify Buyer promptly after Seller receives notice that any part of the Property has been or is threatened to be condemned or otherwise taken by a governmental or quasi-governmental authority. Buyer may terminate this Contract if the condemnation would materially affect Buyer’s intended use of the Property by giving notice to Seller within fifteen days after receipt of Seller’s notice to Buyer (or before closing if Seller’s notice is received less than fifteen days before closing), in which event the Earnest Money shall be refunded to the Buyer. If Buyer does not terminate this Contract, (a) Buyer and Seller will each have the right to appear and defend their respective interests in the Property in the condemnation proceedings, (b) any award in condemnation will be assigned to Buyer, and (c) if the taking occurs before closing, the description of the Property will be revised to delete the portion taken. Real Estate Sales Contract Page 5 of 11 4. Claims; Hearings. Seller will notify Buyer promptly of any litigation or any claim or administrative hearing that is threatened, filed, or initiated before closing that affects the Property. 5. Lease. As a condition to Buyer’s obligations under this Contract, Seller shall fully terminate any lease(s) of all or any portion of the Property and any and all tenants shall be required to vacate the Property prior to closing. H.Closing Closing.This transaction will close at Title Company’s offices on the Closing Date. At closing, the Closing Documents. Payment of Purchase Price. Disbursement of Funds; Recording; Copies. Possession. Transaction Costs Seller’s Costs. of the instruments described in section A.4.; and Seller’s expenses and attorney’s fees. Buyer’s Costs. costs to obtain, deliver, and record all documents other than those to be recorded at Seller’s expense; the additional premium for the “survey/area and boundary deletion” in the Title ; and Buyer’s expenses and attorney’s fees. Ad Valorem Taxes. be prorated between Buyer and Seller as of the Closing Date. Seller’s portion of the prorated Real Estate Sales Contract Page 6 of 11 prorations in cash within thirty days of when the actual assessment and taxes are known. Seller will promptly notify Buyer of all notices of proposed or final tax valuations and assessments that Seller receives after the Effective Date and after closing. If rollback taxes become due because of a change in use of the Property, the resulting rollback tax and interest due shall be the obligation of Buyer. All taxes due as of closing will be paid at closing. The parties’ obligations under this paragraph shall survive the Closing. d.Brokers’ Commissions and Disclosure. Buyer and Seller each represents and warrants to the other that they have had no contact with any real estate broker, finder or other person who might be entitled, or claim to be entitled, to a brokerage commission, finder’s fee or other compensation in connection with this transaction. Buyer and Seller each hereby indemnify and agree to defend and hold the other party harmless from and against any and all claims, demands, liabilities, causes of action, costs or expenses (including reasonable attorneys’ fees) caused by or arising out of any breach of its foregoing warranty. The provisions of this paragraph shall survive the Closing or termination of this Contract and shall not be subject to any limitation of liability otherwise set forth in this Contract. 3.Issuance of Title Policy. Seller will cause Title Company to issue the Title Policy to Buyer as soon as practicable after closing. I.Default and Remedies 1.Seller’s Default. If Seller fails to perform any of its obligations under this Contract (“Seller’s Default”), Buyer’s sole and exclusive remedy is to either (i) enforce specific performance of Seller’s obligations under this Contract, or (ii) terminate this Contract by written notice to Seller in which event the Earnest Money shall be delivered to Buyer. If title to the Property is awarded to Buyer, the conveyance will be subject to the Permitted Exceptions. 2.Buyer’s Default. If Buyer fails to perform any of its obligations under this Contract (“Buyer’s Default”), Seller, as its sole and exclusive remedy, shall have the right to terminate this Contract by giving notice to Buyer on or before the Closing Date and have the Earnest Money paid to Seller as liquidated damages (and not as a penalty). Seller waives any remedy for damages. 3.Liquidated Damages. The parties agree that just compensation for the harm that would be caused by a default by either party cannot be accurately estimated or would be very difficult to accurately estimate and that the Earnest Money and the amounts provided above are reasonable forecasts of just compensation to the nondefaulting party for the harm that would be caused by a default. J.Miscellaneous Provisions 1.Notices. Any notice required by or permitted under this Contract must be in writing and will be deemed to be delivered (whether actually received or not) when deposited with the United States Postal Service, postage prepaid, certified mail, return receipt requested, and addressed to the intended recipient at the address shown in this Contract. Any address for notice may be changed by written notice delivered as provided herein. Copies of each notice shall be addressed as follows: Real Estate Sales Contract Page 7 of 11 If to Buyer: Anna Economic Development Corporation Attn: City Manager 120 W. 7th Street Anna, Texas 75409 With a copy to: Clark McCoy Wolfe, Tidwell & McCoy, LLP 2591 Dallas Parkway, Suite 300 Frisco, Texas 75034 If to Seller: Joe A. Greer, Jr. Rebecca F. Greer PO Box 272 Anna, TX 75409-0272 2.Entire Contract. This Contract, together with its exhibits, and any Closing Documents delivered at closing constitute the entire agreement of the parties concerning the sale of the Property by Seller to Buyer. There are no oral representations, warranties, agreements, or promises pertaining to the sale of the Property by Seller to Buyer not incorporated in writing in this Contract. 3.Amendment. This Contract may be amended only by an instrument in writing signed by the parties. 4.Assignment. This Contract will inure to the benefit of and be binding on the parties and their respective successors and assigns. This Contract is fully assignable by Buyer provided: (a) such assignment must be in writing and signed by Buyer and its assignee, (b) Buyer must send a copy of any assignment to Seller at least seven (7) days prior to closing, and (c) such assignment shall not release Buyer from its obligations and liabilities under this Contract. Upon compliance with the foregoing, the assignee(s) shall be entitled to enforce this Contract as against Seller, including but not limited to, the remedy of specific performance. 5.Survival. The obligations of this Contract that cannot be performed before termination of this Contract or before closing will survive termination of this Contract or closing, and the legal doctrine of merger will not apply to these matters. If there is any conflict between the Closing Documents and this Contract, the Closing Documents will control. 6.Choice of Law; Venue; Alternative Dispute Resolution. This Contract will be construed under the laws of the state of Texas, without regard to choice-of-law rules of any jurisdiction. Venue is in Collin County, Texas. Time permitting, the parties will submit in good faith to an alternative dispute resolution process before filing a suit concerning this Contract. 7.Waiver of Default. It is not a waiver of default if the nondefaulting party fails to declare immediately a default or delays taking any action with respect to the default. 8.No Third-Party Beneficiaries. There are no third-party beneficiaries of this Contract. Real Estate Sales Contract Page 8 of 11 9.Severability. The provisions of this Contract are severable. If a court of competent jurisdiction finds that any provision of this Contract is unenforceable, the remaining provisions will remain in effect without the unenforceable parts. 10.Ambiguities Not to Be Construed against Party Who Drafted Contract. The rule of construction that ambiguities in a document will be construed against the party who drafted it will not be applied in interpreting this Contract. 11.No Special Relationship. The parties’ relationship is an ordinary commercial relationship, and they do not intend to create the relationship of principal and agent, partnership, joint venture, or any other special relationship. 12.Counterparts. If this Contract is executed in multiple counterparts, all counterparts taken together will constitute this Contract. 13.Confidentiality. The parties will keep confidential this Contract, this transaction, and all information learned in the course of this transaction, except to the extent disclosure is required by law or court order or to enable third parties to advise or assist Buyer to investigate the Property or either party to close this transaction. 14.Additional Matters. i. ) Seller agrees to cooperate with Buyer if, during the Feasibility Review Period, Buyer or the City of Anna requires the Property to be preliminarily platted; provided, all costs of such plat shall be borne by Buyer. ii. ) To the best of Seller's current knowledge, but WITHOUT WARRANTY, water, sanitary sewer and electric power line are available at the Property (excluding storm sewer). iii. ) Buyer will secure at its own expense any necessary use permits, platting and signage requirements and Seller agrees to cooperate as necessary to accomplish such. 15.Termination. If this Contract is terminated for any reason, the parties will have no further rights or obligations under this Contract, except that: (1) Buyer shall pay the costs to repair any damage to the Property caused by Buyer or Buyer's agents; (2) Buyer shall return to Seller any reports or documents delivered to Buyer by Seller; and (3) each party shall perform any other obligations that, by the explicit provisions of this Contract, expressly survive the termination of this Contract. The obligations of this Section 15 will survive the termination of this Contract. 16.Attorneys' Fees. The prevailing party in any proceeding brought to enforce this Contract, or brought relating to the transaction contemplated by this Contract, will be entitled to recover, from the non-prevailing party, court costs, reasonable attorneys' fees and all other reasonable related expenses. 17.Intentionally Omitted. 18.Contract as Offer. The execution of this Contract by the first party to do so constitutes an offer to purchase or sell the Property. If the other party does not accept that offer by signing this Contract and delivering a fully executed copy to the first party within ten (10) days after the date this Contract is executed by the first party, then the first party may withdraw that offer by delivering a written notice to the other party at any time before the other party accepts that offer, in which case the Earnest Money, if any, will be returned to Buyer. Real Estate Sales Contract Page 9 of 11 SELLER(S): _________________________________ Joe A. Greer, Jr. Date: __________________ _________________________________ Rebecca F. Greer Date: __________________ Real Estate Sales Contract Page 10 of 11 BUYER: Anna Economic Development Corporation By: ___________________________________________ Bruce Norwood, President Real Estate Sales Contract Page 11 of 11 Title Company Receipt Title Company acknowledges receipt of Earnest Money in the amount of $10,000.00 and a copy of this Contract executed by both Buyer and Seller. Red River Title Co. By: Brittany Eleby, its Escrow Officer Date: EXHIBIT A Description of the Property Being 3.76 acres of real property more or less, in the Henry Brantley Survey which includes the following three contiguous tracts located in the City of Anna, Collin County, Texas: Tract 1 - 0.9666 more or less acres of land with Property ID 1016108 commonly known by the address of 504 N. Powell Parkway; Tract 2 – 1.9147 more or less acres of land with Property ID 2634357; and Tract 3 – 0.76 more or less acres of land with Property ID 1017330. Survey of the Property EXHIBIT B Seller’s Representations to Buyer Seller (“Seller”, whether one or more) represents to Buyer (to Seller’s actual knowledge, without duty of investigation) that the following are true and correct as of the Effective Date and will be true and correct on the Closing Date. 1.Authority. This Contract is, and all documents required by this Contract to be executed and delivered to Buyer at closing will be, duly authorized, executed, and delivered by Seller. 2.Litigation. There is no litigation pending or threatened against Seller that might affect the Property or Seller’s ability to perform its obligations under this Contract except: NONE 3.Violation of Laws. Seller has not received notice of violation of any law, ordinance, regulation, or requirements affecting the Property or Seller’s use of the Property, except: NONE 4.Lease. Seller promises to fully terminate any lease(s) and any and all tenants shall be required to vacate the Property prior to closing. 5.Condemnation; Zoning; Land Use; Hazardous Materials. Seller has not received notice of any condemnation, zoning, or land-use proceedings affecting the Property or any inquiries or notices by any governmental authority or third party with respect to the presence of hazardous materials on the Property or the migration of hazardous materials from the Property, except: NONE 6.No Other Obligation to Sell the Property or Restriction against Selling the Property. Except for having granting a security interest in the Property (which security interest shall be released at Closing) and the terms and conditions as stated therein, Seller has not obligated itself to sell the Property to any party other than Buyer and Seller’s performance of this Contract will not cause a breach of any other agreement or obligation to which Seller is a party or to which it is bound. 7.No Liens. On the Closing Date, the Property will be free and clear of all mechanic’s and materialman’s liens and other liens and encumbrances of any nature except (a) the Permitted Exceptions and (b) liens that will be paid from the proceeds of closing; no work or materials will have been furnished to the Property that might give rise to mechanic’s, materialman’s, or other liens against the Property other than work or materials to which Buyer has given its express written consent. 8.No Commitments. No commitments have been made by Seller to any governmental authority, utility company, school board or church, or to any other religious body, or any other organization, group or individual relating to any of the Property, which would impose an obligation upon Buyer or its successors or assigns to make any contribution or dedication of money or land to construct, install or maintain any improvements of a public or private nature on or off any of the Property. 9.No Other Representation. Except as stated above, Seller makes no representation with respect to the Property. Seller’s representations set forth in this Contract shall survive Closing for a period of twelve (12) months. EXHIBIT C Special Warranty Deed NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OR ALL OF THE FOLLOWING INFORMATION FROM ANY INSTRUMENT THAT TRANSFERS AN INTEREST IN REAL PROPERTY BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER’S LICENSE NUMBER. Date: _____________, 2025 Grantors: Joe A. Greer, Jr. and Rebecca F. Greer Grantors’ Mailing Address: PO Box 272, Anna, TX 75409-0272 Grantee: Anna Economic Development Corporation – a Texas type A development corporation Grantee’s Mailing Address: 120 W. 7th Street, Anna, Texas 75409 Consideration: $10.00 and other good and valuable consideration in hand received and adequacy of which is acknowledged Property (including any improvements): The real property described in Exhibit A, attached hereto and incorporated herein by reference Reservations from Conveyance: None Exceptions to Conveyance and Warranty: The restrictions, easements, covenants, and other matters, if any, described on Exhibit B, attached hereto and incorporated herein. Grantors, for the Consideration and subject to the Reservations from Conveyance and the Exceptions to Conveyance and Warranty, grant, sell, and convey to Grantee the Property in fee simple title, together with all and singular the rights and appurtenances thereto in any way belonging, to have and to hold it to Grantee and Grantee’s heirs, successors, and assigns forever. Grantor binds Grantor and Grantor’s heirs and successors to warrant and forever defend all and singular the Property to Grantee and Grantee’s heirs, successors, and assigns against every person whomsoever lawfully claiming or to claim the same or any part thereof, by, through, or under Grantor, but not otherwise. [The remainder of this page is left blank intentionally, signature page follows] ____________________________________ Joe A. Greer, Jr. STATE OF TEXAS COUNTY OF COLLIN This instrument was acknowledged before me on __________________, 2025, by Joe A. Greer, Jr. ___________________________ Notary Public, State of Texas (SEAL) ____________________________________ Rebecca F. Greer STATE OF TEXAS COUNTY OF COLLIN This instrument was acknowledged before me on __________________, 2025, by Rebecca F. Greer. ___________________________ Notary Public, State of Texas (SEAL) EXHIBIT A LEGAL DESCRIPTION BEING o tract of land situated in the Henry Brantley Survey, Abstract No. 71, City of Anna, Collin County, Texas being part of a called 5 acres, part of a called 205' X 175' tract of land, and part of a ca/led 5.70 acre tract of /and of which a// are described in a Warranty Deed conveyed to Joe A Greer, JR. as recorded in Volume 5105, Page 1672 of the Deed Records of Collin County, Texas (D.R.C.C.T.), and being more particularly described in metes and bounds as follows; BEGINNING in a curve to the right along the east Right-of-Way (ROW) line of State Highway No.5 at an iron rod with plastic pink cap stamped ''TXDOT" found for the north comer of a comer clip in a Final Judgement found in favor of the State of Texas and recorded in Instrument No. 20220418000617120 of the Official Public Records of Collin County, Texas (O.P.R.C.C.T.); THENCE with the east ROW line of State Highway No. 5 and through said curve to the right having a central angle of 0.3'54'19", an arc length of 516.82', a radius of 7582.50', a chord bearing of N 03"49 '15" E, and a chord length of 516.72 ', to a 1/2n iron rod with yellow plastic cap stamped "4613" set for corner; THENCE N 20"06'37" E continuing with the east ROW line of State Highway No. 5 for a distance of 20.27' to an iron rod with plastic pink cap stamped "TXDOT" found for corner in the south line of a called 1.008 acre tract of land conveyed to SAAS US Partners, lLC as recorded in Instrument No. 20150722000904850 O.P.R.C.C.T.; THENCE S 89"25'44" E with the south line of the called 1.008 acre tmct of land for a distance of 232.62' to a 1/2n iron rod with yellow plastic cap stamped "4613" set for corner in the east line of a tract of land described as SECOND TRACT in a Warranty Deed conveyed to Pamela Travis as recorded in Instrument No. 19980828000948770, 0.P.R.C.C.T.; THENCE S 13'22'34" W with the west line of said SECOND TRACT for a distance of 17.24' to a 1/2" iron rod with yellow plastic cap stamped "4613" set for the southwest corner of said SECOND TRACT corner; THENCE S 39·59'39" E with the west line of said SECOND TRACT for a distance of 57.43' to a 1/2" iron rod found for the northwest corner of the Guitierrez Addition, an addition to the City of Anna, Collin County, Texas, as shown on the plat thereof recorded in Instrument No. 20101213010002460 of the Plat Records of Collin County, Texas (P.R.C.C.T.); THENCE S 07"27'34" W with the west line of said Guitierrez Addition for a distance of 149.99' to a 1/2" iron rod found for the southwest corner of said Guitierrez Addition, and said iron rod found also being the northwest comer of o called 0.580 acre tract of land conveyed to Marco Antonio Villegas and Diana Diaz Martinez as recorded in Instrument No. 20201109001988110, O.P.R.C.C.T.; THENCE S 03"52'37" W a distance of 146.60' to a 1/2" iron rod found for the southwest corner of a called 0.5795 acre tract of fond conveyed to Fernando and wife, Leticia Diaz as recorded in Instrument No. 20110713000728470, O.P.R.C.C.T., and said iron rod found being the northwest corner of a tract of land conveyed to Joe A. Greer, JR. as recorded in Volume 943, Page 273, DR.C.CT.; 230.61 THENCE S 01"51 '16" W with the west side of said Joe A. Greer, JR. tract of land passing an iron rod with plastic cap stamped "GREER" found for the southwest corner of said Joe A. Greer, JR. tract of land at a distance of 230.61' and continuing for a total distance of 240.42' to a 1/2" iron rod with yellow plastic cap stamped "4613" set for corner in the north line of Hackberry Lane; THENCE N 89"38'30" W with the north line of Hackberry Lane for a distance of 275.72' to a 1/2" iron rod with yellow plastic cap stamped "4613" set for the southeast corner of said comer clip of the said Final Judgement found in favor of the State of Texas; THENCE N 38"56'48" W along said corner clip a distance of 23.18' to the POINT OF BEGINNING, and containing 158,712 Square Feet or 3.644 acres of land. EXHIBIT B (Attach title exceptions) Item No. 7.t. City Council Agenda Staff Report Meeting Date: 12/9/2025 Staff Contact: Joey Grisham AGENDA ITEM: Consider/Discuss/Action on a Resolution approving a Development Agreement with VC Liberty Hills, LLC. (Director of Economic Development Joey Grisham) SUMMARY: The Church tract is 10 acres and the developer wants to add this piece to the Liberty Hills development and PID--this DA mirrors that of the previous Liberty Hills Development Agreement. FINANCIAL IMPACT: N/A BACKGROUND: STRATEGIC CONNECTIONS: This item supports the City of Anna Strategic Plan, specifically advancing the strategic outcome area: Vibrant. ATTACHMENTS: 1. Res. DA Church Tract C23003D20251202CR1 mc 2. (VCLH) ANNA CHURCH TRACT -- Development Agreement [COMPILED DEV EXECUTED] CITY OF ANNA, TEXAS RESOLUTION NO. A RESOLUTION OF THE CITY OF ANNA, TEXAS APPROVING THE CHURCH TRACT DEVELOPMENT AGREEMENT WITH VC LIBERTY HILLS, LLC, RELATING TO DEVELOPMENT OF PROPERTY FOR SINGLE-FAMILY DEVELOPMENT ADJACENT TO THE DEVELOPMENT KNOWN AS LIBERTY HILLS WHEREAS, VC Libery Hills, LLC (“Developer”) owns or controls approximately 10.815 acres of real property to be located within the municipal boundaries of the City of Anna, Texas, in Collin County, Texas, (the “Property”); and WHEREAS, the City Council and the Developer intend that the Property be developed in accordance with the Church Tract Development Agreement (the “Agreement”) attached hereto as Exhibit 1; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS THAT: Section 1. Recitals Incorporated. The recitals above are incorporated herein as if set forth in full for all purposes. Section 2. Approval and Authority to Execute The City Council hereby approves the Church Tract Development Agreement, attached hereto as Exhibit 1, and authorizes the Mayor’s and/or City Manager’s execution of the same. The Mayor and/or City Manager are hereby authorized to execute all documents and take all other actions necessary to finalize, act under, and enforce the Agreement. Notwithstanding the foregoing or any other provision of this resolution, the City Council’s approval of the Agreement is strictly conditioned upon the approval of the City Attorney as to the form of the Agreement and the City Attorney is authorized to make mutually agreeable modifications to the Agreement before providing said approval as to form of the Agreement. PASSED, APPROVED AND ADOPTED by the City Council of the City of Anna, Texas, on this 9th day of December 2025. ATTESTED: APPROVED: ________________________________ __________________________ Carrie L. Land, City Secretary Pete Cain, Mayor CHURCH TRACT DEVELOPMENT AGREEMENT PAGE 1 715865013v3 CHURCH TRACT DEVELOPMENT AGREEMENT This Church Tract Development Agreement (this “Agreement”) is entered into by and between the CITY OF ANNA, TEXAS, a Texas home-rule municipality (the “City”) and VC LIBERTY HILLS, LLC, a Delaware limited liability company (and its successors and assigns, the “Developer”) (each individually, a “Party,” and collectively, the “Parties”), to be effective on the Effective Date. SECTION 1 RECITALS WHEREAS, certain capitalized terms used in these recitals are defined in Section 2; and WHEREAS, the City is a home-rule municipality of the State of Texas; and WHEREAS, the Developer is under contract to purchase approximately 10.815 acres of real property described by metes and bounds in Exhibit A (the “Property”); and WHEREAS, the Property is located within the extraterritorial jurisdiction (the “ETJ”) of the City; and WHEREAS, it is intended that the Property, which is depicted in Exhibit B, be developed to contain single-family homes of various sizes (the “Project”), and be incorporated into a larger development containing single-family, townhomes, multi-family, commercial and other mixed- use development constructed over multiple phases and is to be known and referred to as “Liberty Hills;” and WHEREAS, the Developer is the owner of certain land adjacent to the Property (the “Adjacent Land”) which is being developed as part of Liberty Hills pursuant to that certain “Liberty Hills Development Agreement” recorded as document number 2024000059345 in the Real Property Records of Collin County (the “LH Development Agreement”), which is attached hereto as Exhibit F, which LH Development Agreement has been partially assigned and assumed by the Developer in connection with the Developer’s development of the Adjacent Land pursuant to that certain Partial Assignment and Assumption of Development Agreement recorded as document number 2024000150083 in the Real Property Records of Collin County (the “Partial Assignment”); and WHEREAS, the Adjacent Land is zoned as part of a Planned Development pursuant to Ordinance No. 1111-2024-08 adopted on August 13, 2024, as may be amended from time to time (the “Liberty Hills PD Ordinance”), which Liberty Hills PD Ordinance is attached hereto as Exhibit E; WHEREAS, the Developer intends to develop the Property as generally depicted on the Illustrative Layout (as defined herein), which is attached hereto as Exhibit C, which may be revised as set forth in this Agreement, and in accordance with applicable City Regulations and the development standards set forth in the Liberty Hills PD Ordinance (“Development Standards”); and CHURCH TRACT DEVELOPMENT AGREEMENT PAGE 2 WHEREAS, the Illustrative Layout is intended to comply with the vision of the 2050 Comprehensive Plan; and WHEREAS, the Developer intends to file a voluntary petition for annexation the Property; and WHEREAS, in conjunction with the annexation of the Property, the Developer intends to submit an application to zone the Property in accordance with the Liberty Hills PD Ordinance; and WHEREAS, the Parties intend for the City to provide water and sewer service to the Property; and WHEREAS, the Developer desires and intends to design, construct and install and/or make financial contributions to certain Authorized Improvements to serve the Property; and WHEREAS, in consideration of Developer’s agreements contained herein, the City shall use reasonable efforts to exercise its powers under Texas Local Government Code, Chapter 372 (the “PID Act”) to create a PID (as defined herein) encompassing or including the Property to provide financing arrangements that will enable Developer to do the following in accordance with the procedures and requirements of the PID Act and this Agreement: (a) fund or be reimbursed for a specified portion of the costs of the PID Projects using the proceeds of PID Bonds; or (b) obtain reimbursement for the specified portion of the costs of the PID Projects, the source of which reimbursement will be installment payments from Assessments within the PID, provided that such reimbursements shall be subordinate to the payment of PID Bonds and Administrative Expenses; and WHEREAS, in consideration of the Developer’s agreements contained herein, as allowed by law, the City agrees to exercise its powers under the TIRZ Act to create a TIRZ including the Property and to dedicate fifty percent (50%) of the City’s ad valorem tax increment, less collection and administrative costs, attributable to the TIRZ, based on the City’s tax rate each year and as authorized by law for a period of forty (40) years property to offset or pay a portion of any Assessment levied on assessed parcels within the Property for the costs of Authorized Improvements that qualify as TIRZ Projects under the TIRZ Act; and WHEREAS, after creation of the PID and the TIRZ, all of the City’s administrative costs associated with the PID will be funded by the levy of Assessments on the Property in accordance with the PID Act, and all of the City’s administrative costs associated with the TIRZ will be funded from the TIRZ Revenue in accordance with the TIRZ Act; and WHEREAS, the Parties desire and intend for the design, construction, and installation of the Public Infrastructure to occur in a phased manner over the Term of this Agreement and that Developer will dedicate to and the City will accept the Public Infrastructure for public use and maintenance, subject to the City’s approval of the plans and inspection of the Public Infrastructure in accordance with this Agreement and the City Regulations; and WHEREAS, the City, subject to the consent and approval of the City Council, and in accordance with the terms of this Agreement and all legal requirements, including but not limited CHURCH TRACT DEVELOPMENT AGREEMENT PAGE 3 to each Indenture, intends to: (i) adopt a Service and Assessment Plan; (ii) adopt an Assessment Ordinance (to pay for a specified portion of the PID Projects Cost(s) and approved by the City’s Engineer or his designee and the costs associated with the administration of the PID and the issuance of the PID Bonds for each respective Phase of the Project); and (iii) issue up to $2,000,000 in principal amount of PID Bonds for the purpose of financing a specified portion of the costs of the PID Projects and paying associated costs as described herein (in addition to amounts of PID Bonds issued to support the remainder of the Liberty Hills development as set forth in the LH Development Agreement); and WHEREAS, unless expressly set forth to the contrary in this Agreement, it is the Parties’ mutual intent that this Agreement shall supersede City Regulations only to the extent that City Regulations directly conflict with the terms of this Agreement; and WHEREAS, the Developer understands and acknowledges that the obligations undertaken under this Agreement are primarily for the benefit of the Property; and WHEREAS, the Developer understands and acknowledges that acceptance of this Agreement is not an exaction or a concession demanded by the City but rather is an undertaking of Developer’s voluntary design to ensure consistency, quality, and adequate infrastructure that will benefit development of the Property; and WHEREAS, following annexation of the Property, the City intends to consider zoning the Property as part of a planned development district and the Parties acknowledge that the Property may be developed and used in accordance with this Agreement; and WHEREAS, the City recognizes the positive impact the Public Infrastructure will bring to the City and that said improvements will promote state and local economic development, stimulate business and commercial activity in the City for the development and diversification of the economy of the state, promote the development and expansion of commerce in the state, and reduce unemployment or underemployment in the state; and WHEREAS, as the Property is in the City’s ETJ on the Effective Date of this Agreement, the Parties intend that this Agreement is a development agreement as provided for by state law in Section 212.171 et seq of the Texas Local Government Code; and WHEREAS, this Agreement shall constitute a “permit” under Chapter 245 of the Texas Local Government Code and as allowed pursuant to Section 212.172(g) of the Texas Local Government Code and that all prerequisites for entering into such agreement have been completed in full and that the City has provided the Developer with the written disclosures required when offering this Agreement under Section 212.171(b-1), said section being incorporated herein as if set forth in full; NOW, THEREFORE, in consideration of the mutual covenants contained herein, the Parties hereby agree as follows: SECTION 2 DEFINITIONS CHURCH TRACT DEVELOPMENT AGREEMENT PAGE 4 Certain terms used in this Agreement are defined in this Section 2. Other terms used in this Agreement are defined in the recitals or in other sections of this Agreement. Unless the context requires otherwise, the following terms shall have the meanings hereinafter set forth: 2050 Comprehensive Plan means the Anna 2050 Comprehensive Plan and applicable provisions of the Anna 2050 Parks Master Plan adopted by the City Council on April 27, 2021 under Ordinance No. 903-2021 and as amended as of the Effective Date. Administrative Expenses means reasonable expenses incurred by the City in the establishment, administration, and operation of the PID or TIRZ, respectively. Administrator means an employee, consultant, or designee of the City who shall have the responsibilities provided in the Service and Assessment Plan, each Indenture, or any other agreement or document approved by the City related to the duties and responsibilities for the administration of the PID. Assessment(s) means the special assessments levied on the Property pursuant to the PID Act on a Phase-by-Phase basis, under one or more Assessment Ordinances adopted on a Phase- by-Phase basis to reimburse Developer on a Phase-by-Phase for a portion of the PID Projects benefitting the applicable Phase(s) as set forth in the Service and Assessment Plan, as well as payment of Administrative Expenses and repayment of the PID Bonds and the costs associated with the issuance of the PID Bonds. Assessment Ordinance means an ordinance approved by the City Council under the PID Act levying one or more Assessment(s). Authorized Improvements means the PID Projects and all on- and off-site public water, sewer, drainage, and roadway facilities, rights-of-way, along with other public improvements, such as parks, trails, landscaping and screening, that benefit the Property, are to be constructed by Developer, and for which the Parties intend Developer will be fully or partially reimbursed pursuant to the terms of this Agreement. Bond Ordinance means each ordinance adopted by the City Council that authorizes and approves the issuance and sale of any PID Bonds for each Phase(s) of the Project. Budgeted Cost means, with respect to any given Authorized Improvement, the estimated cost of the improvement as set forth in any Service and Assessment Plan. Capital Improvement(s) shall have the meaning provided in Chapter 395, Texas Local Government Code. Capital Improvement Costs means any construction, contributions, or dedications of Capital Improvements, including actual costs of design, engineering, construction, acquisition, and inspection, and all costs related in any manner to the Capital Improvement. Capital Improvements Plan or “CIP” means all capital improvements plan(s) duly adopted by the City under Chapter 395, Texas Local Government Code, as may be updated or amended from time to time. CHURCH TRACT DEVELOPMENT AGREEMENT PAGE 5 Chapter 245 means Chapter 245, Texas Local Government Code, as amended. Chapter 380 Agreement means an agreement in which the City agrees to provide a Chapter 380 Grant pursuant to Chapter 380, Texas Local Government Code, as amended. Chapter 380 Grant means any grant provided to the Developer or other entity pursuant to a Chapter 380 Agreement as described in this Agreement. Chapter 395 means Chapter 395, Texas Local Government Code, as amended. City means the City of Anna, a home rule municipality located in Collin County, Texas. City Code means the Anna City Code of Ordinances and all of its provisions and regulations or standards adopted by reference in said Code in effect on the Effective Date; provided, however, that as it relates to Public Infrastructure for any given Phase, the applicable construction standards (including, without limitation, uniform building codes) shall be those that the City has duly adopted at the time of the filing of an application for a preliminary plat for that Phase unless construction has not commenced within two years of approval of such preliminary plat in which case the construction standards shall be those that the City has duly adopted at the time that construction commences, except that to the extent there is a conflict between the City Code and the Development Standards, the Development Standards shall control. City Council means the City Council of the City. City Manager means the current or acting City Manager of the City of Anna or a person designated to act on behalf of the City Manager if the designation is in writing and signed by the current or acting City Manager. City PID Fee means the per single-family-residential-lot fee to be paid by Developer to the City in accordance with the established City PID Policy and in accordance with Section 5.20 hereof. City PID Policy means the City of Anna Public Improvement District Policy approved by the City Council on June 23, 2020 via Resolution No. 2020-06-747. City Regulations mean City Code provisions, ordinances, design standards (including but not limited to the City’s Engineering Design Standards and the Development Standards), uniform codes, policies, requirements, limitations, restrictions, and other regulations (including but not limited to all fees and land dedications applicable to the Project) duly adopted by the City and in effect on the Effective Date; provided, however, that as it relates to Public Infrastructure for any given phase, the applicable construction standards (including, without limitation, uniform building codes) shall be those that the City has duly adopted at the time of the filing of an application for a preliminary plat for that phase unless construction has not commenced within two years of approval of such preliminary plat in which case the construction standards shall be those that the City has duly adopted at the time that construction commences, except that to the extent there is a conflict between the City Regulations and the PD, the PD shall control. The term does not include Park Fees, which shall be assessed on the Property in accordance with this Agreement. CHURCH TRACT DEVELOPMENT AGREEMENT PAGE 6 Concept Plan means the intended conceptual plan for each Phase of the Project as may be approved by the City in accordance with Section 5.7 in which case it shall fully supersede and replace the Illustrative Layout. Cost Underruns means actual PID Projects Costs that are less than the Budgeted Costs set forth in the SAP. Developer Continuing Disclosure Agreement means any continuing disclosure agreement of Developer executed contemporaneously with the issuance and sale of PID Bonds. Developer Improvement Account means each construction fund account created under an Indenture, if any, funded by Developer, and used to pay for portions of the acquisition, design, and construction of the PID Projects for a particular Phase of the Project. Development Standards mean the design specifications and construction standards identified in Section 5.12 of this Agreement, including without limitation the Development Standards set forth in the Liberty Hills PD Ordinance and applicable City Regulations. The Effective Date means the effective date of this Agreement, which shall be the date upon which both of the following have occurred: (i) all Parties have fully executed and delivered this Agreement and the City’s legal counsel has signed this Agreement, approving same as to form and (ii) the Developer has acquired the Property. End User means any tenant, user, or owner of a Fully Developed and Improved Lot, but excluding the HOA. ETJ shall have the meaning given to it in the Recitals. Fully Developed and Improved Lot means any privately-owned lot in the Project, regardless of proposed use, intended to be served by the Authorized Improvements and for which a final plat has been approved by the City and recorded in the Real Property Records of Collin County, Texas. HOA means the homeowners association formed with respect to the Project, which shall privately function as a homeowners association for the Project. Home Buyer Disclosure Program means the disclosure provisions relating to property located in public improvement districts set forth in Chapter 5 of the Texas Property Code, which establish a mechanism to disclose to each buyer the terms and conditions under which their lot is burdened by Assessments. Illustrative Layout means the intended plan for the development of the Project as depicted on Exhibit C. Impact Fees means those fees assessed and charged against the Project in accordance with Chapter 395 and as defined therein. Improvement Account of the Project Fund means the construction fund account created CHURCH TRACT DEVELOPMENT AGREEMENT PAGE 7 under a particular Indenture, funded by the PID Bond Proceeds, and used to pay or reimburse for certain portions of the construction or acquisition of the PID Projects. Indenture means a trust indenture by and between the City and a trustee bank under which PID Bonds are issued and funds are held and disbursed. Independent Appraisal means, in establishing the appraised value, (i) the appraised value of a specific assessed parcel or assessed parcels, as applicable, in a specific Phase for which Assessments have been levied as established by publicly available data from the Collin Central Appraisal District, (ii) the Collin Central Appraisal District Chief Appraiser’s estimated assessed valuation for completed homes (home and lot assessed valuation) and estimated lot valuation for lots on which homes are under construction, (iii) an “as-complete” appraisal delivered by an independent appraiser licensed in the State of Texas, which appraisal shall assume completion of the particular Phase for which said Assessments have been or will be levied, as applicable, or (iv) a certificate delivered to the City by a qualified independent third party (which party may be the Administrator or a licensed appraiser) certifying on an individual lot type basis, the value of each lot in the particular Phase, as applicable, for which such Assessments have been levied based on either (x) the average gross sales price (which is the gross amount including escalations and reimbursements due to the seller of the lots) for each lot type based on closings of lots in such Phase for which the Assessments have been levied or (y) the sales price in the actual lot purchase contracts in the particular Phase for which such Assessments have been or will be levied, as applicable. Notice means any notice required or contemplated by this Agreement (or otherwise given in connection with this Agreement). Park Fees means those fees assessed and charged against the Project in accordance with Sections 9.02.135 and A3.006 of the City Code and shall include any “park development fees” as described in City Code. Phase means any distinct phase of development on the Property which is to be developed concurrently as finished lots. PID means one or more public improvement districts encompassing all or a portion of the Property, for which the City agrees to exert reasonable efforts to create for the benefit of certain portions of the Project pursuant to the PID Act and this Agreement. PID Act means Chapter 372, Texas Local Government Code, as amended. PID Bond(s) means assessment revenue bonds, but not Refunding Bonds, issued by the City pursuant to the PID Act to finance the PID Projects. PID Bond Proceeds means the funds generated from the sale of the PID Bonds. PID Documents means but not limited to, collectively, the PID Resolution, the SAP, and the Assessment Ordinance(s). PID Projects means all water, wastewater/sewer, drainage, roadway, park, trail, landscape, CHURCH TRACT DEVELOPMENT AGREEMENT PAGE 8 irrigation, hardscape, and other improvements allowable under the PID Act and benefitting and necessary to serve the Project and which shall be owned and maintained by the City, including those identified in the PID Documents. PID Projects Cost means the actual cost of design, engineering, construction, acquisition, and/or inspection of the PID Projects, along with Administrative Expenses associated with the PID. PID Resolution means the resolution adopted by the Council creating the PID as recorded in the real property records of Collin County, Texas. Project and Finance Plan means a final TIRZ Project and Finance Plan approved and adopted by the City in accordance with this Agreement as may be amended from time to time. Public Infrastructure means all water, wastewater/sewer, detention and drainage, roadway, park and trail, and other infrastructure necessary to serve the full development of the Project and/or to be constructed by Developer and dedicated to the City under this Agreement. The term includes but is not limited to the PID Projects and the Authorized Improvements. Real Property Records means the official land recordings of the Collin County Clerk’s Office. Refunding Bonds means bonds issued pursuant to Section 372.027 of the PID Act. Reimbursement Agreement means an agreement by and between the City and Developer by which the Parties establish the terms by which Developer may obtain reimbursements for PID Projects through the PID Bond Proceeds or Assessments for the respective Phase. Service and Assessment Plan (“SAP”) means the service and assessment plan for the PID, to be adopted and amended at least annually by the City Council pursuant to the PID Act for the purpose of assessing allocated costs against portions of the Project located within the boundaries of the PID having terms, provisions, and findings approved by the City, as required by the PID Act and this Agreement. TIRZ means a tax increment reinvestment zone encompassing any portion of the Property to be created by the City pursuant to the TIRZ Act. TIRZ Act means Chapter 311 of the Texas Tax Code, as amended. TIRZ Documents means collectively the TIRZ Project and Finance Plan, the TIRZ ordinance, and the TIRZ participation agreement(s) with other taxing entities, if applicable. TIRZ Fund(s) means the fund(s) set up by the City in order to receive TIRZ funds in accordance with this Agreement, the TIRZ Documents and state law. TIRZ Revenue means the tax increment received by the City from the City property taxes levied against the Property. CHURCH TRACT DEVELOPMENT AGREEMENT PAGE 9 SECTION 3 PUBLIC IMPROVEMENT DISTRICTS 3.1 Creation of the PID; Levy of Assessments. The City shall use reasonable efforts to initiate and approve all necessary documents, resolutions and ordinances, including without limitation the PID Documents, required to effectuate this Agreement, to create the PID, and to levy the Assessments. The City will prepare and approve a Preliminary Service and Assessment Plan providing for the levy of the Assessments on the Property. Promptly following preparation and approval of a preliminary SAP acceptable to the Parties and subject to the City Council making findings that the PID Projects confer a special benefit on the Property, the City Council shall consider an Assessment Ordinance. Developer shall develop the Property consistent with the terms of this Agreement. Nothing contained in this Agreement, however, shall be construed as creating a contractual obligation that controls, waives, or supplants the City Council’s legislative discretion or functions. 3.2 Acceptance of Assessments and Recordation of Covenants Running with the Land. Following the levy of the Assessments applicable to a particular Phase of the Project, the Developer shall: (a) approve and accept in writing the levy of the Assessment(s) on all land owned by the Developer and (b) cause covenants running with the land to be recorded against the portion of the Property within the applicable Phase that will bind any and all current and successor developers and owners of all or any part of such Phase of the Project to pay the Assessments, with applicable interest and penalties thereon, as and when due and payable hereunder and that the purchasers of such land take their title subject to and expressly assume the terms and provisions of such Assessments and the liens created thereby. The covenants required to be recorded under this paragraph shall be recorded substantially contemporaneously with the recordation of the plat of the applicable Phase, except for the final SAP which will be recorded by the City upon its approval in accordance with the PID Act. The Developer hereby acknowledges and accepts the Home Buyer Disclosure Program. SECTION 4 AUTHORIZED IMPROVEMENTS, PID PROJECTS, AND PUBLIC INFRASTRUCTURE 4.1 PID Projects. Prior to the issuance of PID Bonds, the PID Projects, and PID Projects Costs are subject to change as may be agreed upon by Developer and the City and, if changed, shall be updated by Developer and the City consistent with the Service and Assessment Plan and the PID Act. All approved final plats within the Property shall include those PID Projects located therein and the respective PID Projects Costs shall be finalized before the applicable final plat is approved by the City Council. Without limiting the foregoing, and on a Phase-by-Phase basis, as applicable, PID Projects Costs, the timetable for installation of the PID Projects, and all other pertinent information and data will be reviewed at least annually by the Parties in an annual update of the Service and Assessment Plan adopted and approved by the City Council consistent with the requirements of Section 372.013(b) of the PID Act. 4.2 Construction, Ownership, and Transfer of Authorized Improvements and Public Infrastructure. CHURCH TRACT DEVELOPMENT AGREEMENT PAGE 10 (a) Construction Standards and Inspection. Except as otherwise expressly set forth in this Agreement, the Authorized Improvements and all other Public Infrastructure required for the development of the Property shall be constructed and inspected in accordance with this Agreement, the City Regulations, and any other governing body or entity with jurisdiction over the Public Infrastructure. Developer agrees to cause all Public Infrastructure to be constructed in a good and workmanlike manner. Upon request, the City shall provide “tax-exempt” letters to Developer for use by all contractors, subcontractors, and suppliers installing Public Infrastructure within the Property. (b) Contract Letting. The Parties understand that construction of the Authorized Improvements to be funded through Assessments are legally exempt from competitive bidding requirements pursuant to the Texas Local Government Code. The Parties acknowledge that, as of the Effective Date, the construction contracts for the construction of Authorized Improvements have not been awarded and contract prices have not yet been determined. Before entering into any construction contract for the construction of all or any part of the Authorized Improvements, Developer's engineers shall prepare, or cause the preparation of, and submit to the City all contract specifications and necessary related documents, including the contract proposal showing the negotiated total contract price and scope of work. (c) Ownership. All of the Authorized Improvements and Public Infrastructure shall be owned by the City upon acceptance of them by the City. Developer agrees to take any action reasonably required by the City to transfer or otherwise dedicate or ensure the dedication of easements or property for the Authorized Improvements and Public Infrastructure to the City and the public. (d) Operation and Maintenance. Upon inspection, approval, and acceptance of the Authorized Improvements, the City shall maintain and operate the accepted Authorized Improvements. (e) Applicability. Subsections (a)-(b), above, shall not apply to Public Infrastructure that the City is obligated to fund and construct under this Agreement, if any. 4.3 Public Infrastructure, Generally. Except as otherwise expressly provided for in this Agreement, Developer shall provide all Public Infrastructure necessary to serve the Project, including without limitation streets, utilities, drainage, sidewalks, trails, street lighting, street signage, and all other required improvements, at no cost to the City except as provided herein, and in accordance with City Regulations, and as approved by the City’s Engineer or his/her designee. Developer shall cause the installation of such improvements within all applicable time frames in accordance with the City Regulations unless otherwise approved herein. Developer shall provide engineering studies, plan/profile sheets, and other construction documents at the time of platting as required by City Regulations. Such plans shall be approved by the City’s Engineer or his/her designee prior to approval of a final plat. Construction of any portion of the Public Infrastructure shall not be initiated until a pre-construction conference that includes a City representative has been held regarding the proposed construction and City has issued a written notice to proceed. 4.4 Maintenance Bonds. Developer shall execute or cause to be executed a valid maintenance bond in accordance with applicable City Regulations that guarantees the costs of any CHURCH TRACT DEVELOPMENT AGREEMENT PAGE 11 repairs which may become necessary to any part of the construction work performed in connection with the Public Infrastructure, arising from defective workmanship or materials used therein, for a full period of two years from the date of final acceptance of the Public Infrastructure constructed under any such contract(s). 4.5 Inspections, Acceptance of Public Infrastructure, and Developer’s Remedy. The City shall inspect, as required by City Regulations, the construction of all Public Infrastructure necessary to support the proposed development within the Property, including without limitation water, sanitary sewer, drainage, streets, park facilities, electrical, and streetlights and signs. The City’s inspections shall not release Developer from its responsibility to construct or ensure the construction of adequate Authorized Improvements and Public Infrastructure in accordance with approved engineering plans, construction plans, and other approved plans related to development of the Property. From and after the inspection and acceptance by the City of the Public Infrastructure and any other dedications required under this Agreement, such improvements and dedications shall be owned by the City. Developer’s sole remedy for nonperformance of this Agreement by the City shall be to seek specific performance and cost reimbursements pursuant to the terms of this Agreement. 4.6 Insurance. The Developer or its contractor(s) shall acquire and maintain, during the period of time when any of the Public Infrastructure is under construction (and until the full and final completion of the Public Infrastructure and acceptance thereof by the City): (a) workers compensation insurance in the amount required by law; and (b) commercial general liability insurance including personal injury liability, premises operations liability, and contractual liability, covering, but not limited to, the liability assumed under any indemnification provisions of this Agreement, with limits of liability for bodily injury, death and property damage of not less than $1,000,000.00. Such insurance shall also cover any and all claims which might arise out of the Public Infrastructure construction contracts, whether by Developer, a contractor, subcontractor, material man, or otherwise. Coverage must be on a “per occurrence” basis. All such insurance shall: (i) be issued by a carrier which is rated “A 1” or better by A.M. Best’s Key Rating Guide and licensed to do business in the State of Texas; and (ii) name the City as an additional insured and contain a waiver of subrogation endorsement in favor of the City. Upon the execution of Public Infrastructure construction contracts, Developer shall provide to the City certificates of insurance evidencing such insurance coverage together with the declaration of such policies, along with the endorsement naming the City as an additional insured. Each such policy shall provide that, at least 30 days prior to the cancellation, non-renewal or modification of the same, the City shall receive written notice of such cancellation, non-renewal or modification. SECTION 5 ADDITIONAL OBLIGATIONS AND AGREEMENTS 5.1 Wastewater/Sanitary Sewer Facilities. (a) Developer’s General Obligations. Developer is responsible for the design, installation, and construction of the on-site wastewater/sanitary sewer improvements necessary to serve the Property; provided that the Developer and the City’s Engineer may mutually agree to modifications to the sizing and location of such improvements at the time of construction thereof in accordance with the City’s then-existing master plans. The design of all wastewater/sanitary CHURCH TRACT DEVELOPMENT AGREEMENT PAGE 12 sewer improvements shall be approved by the City in advance of the construction of same. Subject to the City’s obligations under Section 5.19, the Developer shall be responsible for the acquisition of any easements and other property acquisitions necessary for any on-site wastewater/sewer facilities (the size and extent of each such easement or other property interest to be approved by the City) for all development. The locations of said easements or other property interests shall be approved by the City’s Engineer or his/her designee as part of the platting process. The costs of obtaining such easements may be included in the applicable PID Projects Costs to be reimbursed to Developer through the PID, as appropriate. (b) Timing of Developer’s Obligations. Except as otherwise provided herein, Developer shall complete in a good and workmanlike manner all on-site wastewater/sanitary sewer improvements necessary to serve each Phase of the Project prior to the recordation of the final plat covering such Phase; provided that the Developer may submit the final plat for any Phase prior to the installation of such improvements if it executes an improvement agreement and provides adequate security therefor in accordance with the City’s Subdivision Regulations. 5.2 Water Facilities. (a) Developer’s General Obligations. Developer is responsible for design, installation, and construction of the on-site water improvements necessary to serve the Property, and certain major water improvements as generally described in Section 5.2 of the LH Development Agreement, which the Developer has assumed the obligation to construct pursuant to the Partial Assignment. The design of water improvements shall be approved by the City in advance of the construction of same. Subject to the City’s obligations under Section 5.19, Developer shall be responsible for the acquisition of any easements and other property acquisitions necessary for water facilities (the size and extent of each such easement or other property interest to be approved by the City) for all development upon and within the Property. The locations of said easements or other property interests shall be approved by the City’s Engineer or his/her designee as part of the platting process. The Developer’s costs of obtaining such easements may be included in the applicable PID Projects Costs to be reimbursed to Developer through the PID. (b) Timing of Developer’s Obligations. Except as otherwise provided herein, Developer shall complete in a good and workmanlike manner all on-site water improvements necessary to serve each Phase of the Project prior to the recordation of the final plat covering such Phase; provided that the Developer may submit the final plat for any Phase prior to the installation of such improvements if it executes an improvement agreement and provides adequate security therefor in accordance with the City’s Subdivision Regulations. (c) Major Water Lines. (1) Pursuant to the LH Development Agreement, the Developer shall construct the Major Water Lines (as such term is defined in the LH Development Agreement), which Major Water Lines also benefit the Property, and obtain any Major Water Line Easements (as such term is defined in the LH Development Agreement). The City will reimburse the Developer for the costs of the Major Water Lines and the Major Water Line Easements through the Impact Fee 380 Agreement (as such term is defined in the LH Development Agreement). CHURCH TRACT DEVELOPMENT AGREEMENT PAGE 13 (2) Any portion of the costs of any Major Water Line may be included as a PID Project to the extent it confers a special benefit on the Property. 5.3 Water and Wastewater Services. (a) The City represents and confirms that it currently has and reasonably expects to continue to have the capacity to provide to the Property continuous and adequate retail water and wastewater service at times and in capacities sufficient to meet the service demands of the Project as it is developed. (b) Upon acceptance by the City of the water and wastewater facilities described herein, the City shall operate or cause to be operated said water and wastewater facilities serving the Project and use them to provide service to all customers within the Project at the same rates as similar projects located within the City. Upon acceptance by the City, the City shall at all times maintain said water and wastewater facilities, or cause the same to be maintained, in good condition and working order in compliance with all applicable laws and ordinances and all applicable regulations, rules, policies, standards, and orders of any governmental entity with jurisdiction over same. 5.4 Roadway Facilities and Drainage Improvements. (a) Developer’s General Obligations. Developer is responsible for the design, installation, and construction of all on-site roadway facilities required to serve the Property, and certain major road improvements as generally depicted on “Exhibit I” of the LH Development Agreement including the Mantua Parkway Road Improvements (as such term is defined in the LH Development Agreement). The design of all roadway improvements shall be approved by the City in advance of the construction of same. (b) Timing of General Obligations. Prior to the recordation of any final plat for any Phase of the Project, Developer shall complete, in a good and workmanlike manner, construction of all on-site roadway facilities and related improvements necessary to serve such Phase in accordance with construction plans approved by the City; provided that the Developer may submit the final plat for any Phase prior to the installation of such improvements if it executes an improvement agreement and provides adequate security therefor in accordance with the City’s Subdivision Regulations. Thereafter, the roads shall be conveyed to the City for ownership and maintenance. (c) Drainage/Detention Infrastructure. Developer shall have full responsibility for designing, installing, and constructing the drainage/detention infrastructure that will serve the Property and the cost thereof and said infrastructure shall be designed and constructed in accordance with applicable City Regulations. Prior to the recordation of the final plat for any Phase of development, Developer shall complete in a good and workmanlike manner construction of the drainage/detention improvements necessary to serve such Phase; provided that the Developer may submit the final plat for any Phase prior to the installation of such improvements if it executes an improvement agreement and provides adequate security therefor in accordance with the City’s Subdivision Regulations. Upon inspection, approval, and acceptance, City shall maintain and operate the drainage and roadway improvements for the Property. The HOA will CHURCH TRACT DEVELOPMENT AGREEMENT PAGE 14 maintain and operate all detention facilities except to the extent expressly set forth to the contrary in this Agreement. (d) Reserved. 5.5 Infrastructure Oversizing. Developer shall not be required to construct or fund any Public Infrastructure so that it is oversized to provide a benefit to land outside the Property (“Oversized Public Infrastructure”) unless, by the commencement of construction, the City has made arrangements to finance the City’s portion of the costs of construction attributable to the oversizing required by the City from sources other than PID Bond Proceeds, funds from the TIRZ, or Assessments. In the event Developer constructs or causes the construction of any Oversized Public Infrastructure on behalf of the City, the City shall be solely responsible for all costs attributable to the oversizing of the Oversized Public Infrastructure and the PID shall not be utilized for financing the costs of Oversized Public Infrastructure that is attributable to the oversizing of the Oversized Public Infrastructure. 5.6 Mandatory Homeowners Association. The Developer will create, in a manner acceptable to the City, an HOA, which HOA, whether one or more, shall be required to levy and collect from home owners within the Property annual fees in an amount calculated to maintain the open spaces, common areas, hike and bike trails located in common areas, portions of which trails will be open to the public, right-of-way irrigation systems, raised medians and other right-of-way landscaping, and screening walls within the Property. Common areas including but not limited to screening, landscaping, gardens, entrances to the Property and right-of-way landscaping shall be maintained solely by the HOA. Maintenance of public rights-of-way landscaping and screening by the HOA shall comply with City Regulations and the HOA shall be subject to enforcement by the City. 5.7 Illustrative Layout; Concept Plan. (a) The Illustrative Layout illustrates the approved development layout for the Property but has not been engineered and does not represent the final design that will be approved through the final platting process. Prior to approval of the Zoning, the Developer may revise the Illustrative Layout through an administrative approval, provided the number of residential lots shown on the Illustrative Layout does not increase by greater than five percent (5%), the numbers of residential lots in each category shown on the Illustrative Layout does not increase by greater than five percent (5%), and the amount of open space shown on the Illustrative Layout does not decrease by greater than five percent (5%). Nothing in this paragraph shall preclude Developer from applying directly to the City Council for approval of any Illustrative Layout revisions, including revisions greater than the percentages listed herein. If the Developer submits a revised Illustrative Layout as provided by this section and the City Manager or his/her designee determines that the Illustrative Layout should be administratively approved, the City Manager or his or her designee shall cause the revised Illustrative Layout to be attached to the official version of this Agreement on file with the City’s Secretary’s office, and Developer shall record a memorandum of the revised Illustrative Layout in the Real Property Records. (b) A Concept Plan will be required as part of the zoning process identified in Section 9.1 and the Concept Plan, once approved by the City, shall be deemed to fully supersede CHURCH TRACT DEVELOPMENT AGREEMENT PAGE 15 and replace the Illustrative Layout for all purposes. Revisions to the Concept Plan that is part of approval of zoning may be subsequently revised with approval by the City Council through the normal zoning process. (c) If the Developer submits a Concept Plan as provided by this section and the City Manager or his/her designee determines that the Concept Plan should be administratively approved, the City Manager or his or her designee shall cause the revised Concept Plan to be attached to the official version of this Agreement on file with the City’s Secretary’s office, and Developer shall record a memorandum of the revised Concept Plan in the Real Property Records. 5.8 Reserved. 5.9 Parkland Dedication Credit. The Developer is expected to construct trails and dedicate such trails and open space as generally depicted on “Exhibit J” of the LH Development Agreement (the “Trails and Open Space Acreage”). Provided the Developer causes such Trails and Open Space Acreage to be dedicated for such purposes, Developer shall be deemed to have satisfied all applicable parkland dedication or improvement requirements or fees required in lieu thereof, of any kind whatsoever and no Park Fees shall be imposed on the Property. 5.10 Impact Fees. Impact Fees shall be assessed and collected on the Property at the rates in effect at the time of submission of an application for a building permit. The City shall collect Impact Fees from all third-party permit applicants within the Property. Upon the payment of Impact Fees, such payments shall be sequestered into the separate account to be entitled “Liberty Hills Impact Fee Account” to be created with the City pursuant to the LH Development Agreement to facilitate the payment of the Eligible Infrastructure Grant described in Section 7.3(a) hereof. 5.11 Withholding of Building Permits, Etc. The City shall not be required to issue any building permits or certificates of occupancy or provide utilities for any structure on the Property until after final acceptance of any Public Infrastructure necessary to serve such Property; provided that the City shall allow for the issuance of building permits for up to 10% of the single-family building permits in any Phase of the Development once Developer has achieved fire safety (i.e., paving complete and water system/hydrants installed, tested and pressurized). To assist in the determination as to whether building permits for any Phase of development should be issued, Developer shall include all Public Infrastructure necessary to serve such Phase in the construction plans required to be submitted under applicable City Regulations. Notwithstanding the foregoing, the City shall not unreasonably withhold plat approval for any Phase of development and shall issue building permits and certificates of occupancy and provide utilities for any structure on the Property if the applicable Public Infrastructure other than the City Stub Line and the Off-Site Sewer Trunk Lines is complete and pump and haul service is being provided pursuant to Section 5.3 of this Agreement. 5.12 Governing Regulations. Development of the Property shall be governed by the following regulations (collectively, the “Governing Regulations,” all of which are incorporated into this Agreement as if set forth in full): (a) City Code, Article 9.02, the subdivision regulations of the City, in effect on the Effective Date (the “Subdivision Regulations”); CHURCH TRACT DEVELOPMENT AGREEMENT PAGE 16 (b) except as amended by the Development Standards (defined below), the comprehensive zoning ordinance of the City, in effect on the Effective Date (the “Zoning Ordinance”); (c) City Code, Article 9.05, in effect on the Effective Date (the “Sign Ordinance”); (d) the Illustrative Layout set forth on Exhibit C, the development regulations for the Property set forth in the Liberty Hills PD Ordinance (except as otherwise approved in accordance with Section 5.14 in the event of conflicts), and the tree preservation standards set forth in Exhibit D (which shall control for the Property) (the “Development Standards”); (e) upon annexation pursuant to Section 9.1, the uniform building codes, as amended from time to time, including any local amendments thereto adopted by the City (the “Building Codes”). The term “Building Codes,” as applied to a particular building shall mean the Building Codes in effect on the date the first application is filed for a building permit for the building in question. For the avoidance of doubt, the Building Codes shall only apply to the Property from and after annexation of the Property. As it relates solely to Property Public Infrastructure for any given Phase of the Project—notwithstanding any provision of this Agreement—the applicable construction standards (including, without limitation, the Building Codes) shall be those that the City has duly adopted at the time of the filing of an application for a preliminary plat for such Phase containing the Property Public Infrastructure in question; and (f) except as set forth in this Agreement to the contrary, any other applicable provisions of Chapter 4 (Building Regulations), Chapter 6 (Fire Prevention and Protection), Chapter 9 (Planning and Development Regulations), Chapter 12 (Utilities) and Appendix A (Fee Schedule) of the City Code in effect on the Effective Date. The Governing Regulations are the controlling regulations for development of the Property, and no other City Regulations, rules, standards, policies, orders, guidelines, or other City-adopted or City-enforced requirements of any kind (including but not limited to any moratorium adopted by the City) apply to the use or development of the Property to the extent such regulations or requirements are in conflict with the Governing Regulations or this Agreement. The Governing Regulations are considered part of this Agreement and are incorporated herein by reference for all purposes. 5.13 Compliance with Materials and Methods Regulations. It is expressly understood that the City Regulations (as amended by the Governing Regulations and this Agreement) are enforceable as relates to the Property and its use and development, including but not limited to any such City Regulations that would otherwise be unenforceable under Chapter 3000 of the Texas Government Code (“Materials and Methods Regulations”) and the Material and Methods Regulations are incorporated herein as if set forth in full; provided, however, to the extent of any conflict between the requirements of the Materials and Methods Regulations and the requirements of this Agreement, this Agreement shall control. The Zoning Ordinance shall also be considered to be Materials and Methods Regulations to the extent that its requirements and restrictions would otherwise be unenforceable under Chapter 3000 of the Texas Government Code. CHURCH TRACT DEVELOPMENT AGREEMENT PAGE 17 5.14 Conflicts. When not in conflict with the terms and conditions of this Agreement, the development of the Property shall be subject to all applicable City Regulations, including but not limited to the City’s subdivision regulations and engineering design standards. In the event of any conflict between the Development Standards and the Zoning Ordinance, Sign Ordinance, or Building Codes, the Development Standards shall control until the PD Zoning (as defined herein) has been approved by the City. After the PD Zoning has been approved for the Property, in the event of a conflict between the PD Zoning and the Development Standards, the Zoning Ordinance, Sign Ordinance, or Building Codes, the PD Zoning shall control, and no amendment to the PD Zoning shall require an amendment to this Agreement. In the event of a conflict between the Governing Regulations and the City Regulations, the Governing Regulations shall control. In the event of any conflict between this Agreement and any other ordinance, rule, regulation, standard, policy, order, guideline or other City-adopted or City-enforced requirement, whether existing on the Effective Date or hereinafter adopted, unless otherwise agreed by the Parties, this Agreement shall control. In the event of any conflict between the Illustrative Layout and the remainder of the Development Standards, the remainder of the Development Standards shall control. In the event of any conflict between any future Concept Plan and the Development Standards, the Development Standards shall control (except for modifications to the Illustrative Layout that are allowed pursuant to the terms of the Development Standards and/or Zoning Ordinance). 5.15 Phasing. The Property may be developed in Phases and Developer must submit the appropriate plat(s) for each Phase, and, if permitted under applicable law, may submit a replat or amending plat for all or any portions of the Property. Any plat, replat or amending plat shall be in conformance with applicable City Regulations and be subject to City approval. 5.16 Vested Rights. This Agreement shall constitute a “permit” (as defined in Chapter 245) that is deemed filed with the City on the Effective Date. 5.17 Approval of Plats/Plans. Approval by the City, the City’s engineer, or other City employee or representative, of any plans, designs, or specifications submitted by Developer pursuant to this Agreement or pursuant to applicable City Regulations shall not constitute or be deemed to be a release of the responsibility and liability of Developer, its engineers, employees, officers, or agents for the accuracy and competency of their design and specifications. Further, any such approvals shall not be deemed to be an assumption of such responsibility and liability by the City for any defect in the design and specifications prepared by Developer or Developer’s engineers, or their respective officers, agents, servants or employees, it being the intent of the Parties that approval by the City’s Engineer or his/her designee signifies approval on only the general design concept of the improvements to be constructed. 5.18 Agricultural Exemption. The City acknowledges that some or all of the Property may now have or may in the future have an agricultural, timber, or wildlife management use tax classification, and the City may not request removal of any such tax classification until PID Bonds secured by Assessments levied on the Property are issued to pay for the costs of the PID Projects and related costs, notwithstanding any waiver of such exemption for other political subdivisions or public entities. 5.19 Eminent Domain. The Developer agrees to use commercially reasonable efforts to obtain all third-party rights-of-way, consents, or easements, if any, required for the Public CHURCH TRACT DEVELOPMENT AGREEMENT PAGE 18 Infrastructure. If, however, the Developer is unable to obtain such third-party rights-of-way, consents, or easements within ninety (90) days of sending an initial offer to the owner of such property to purchase the needed easements and right-of-way, the City agrees to take reasonable steps to secure same (subject to City Council authorization after a finding of public necessity) through the use of the City’s power of eminent domain. The City shall request and order any appraisal required in connection with the Developer’s (if requested by the Developer) or the City’s acquisition of such third-party rights-of-way, consents, or easements as described in the preceding two sentences, and the Developer shall pay the costs of such appraisal. The Developer shall be responsible for funding all reasonable and necessary legal proceeding/litigation costs, attorney’s fees and related expenses, and appraiser and expert witness fees (collectively, “Eminent Domain Fees”) actually incurred by the City in the exercise of its eminent domain powers that for any reason are not funded by the PID Bond Proceeds and shall escrow with a mutually agreed upon escrow agent the City’s reasonably estimated Eminent Domain Fees both in advance of the initiation of each eminent domain proceeding and as funds are needed by the City. Provided that the escrow fund remains appropriately funded in accordance with this Agreement, the City will use all reasonable efforts to expedite such condemnation procedures so that the Public Infrastructure can be constructed as soon as reasonably practicable. If the City’s Eminent Domain Fees exceed the amount of funds escrowed in accordance with this paragraph, the Developer shall deposit additional funds as requested by the City into the escrow account within ten (10) days after written notice from the City. Any unused escrow funds will be refunded to the Developer within thirty (30) days after any condemnation award or settlement becomes final and non-appealable. Nothing in this section is intended to constitute a delegation of the police powers or governmental authority of the City, and the City reserves the right, at all times, to control its proceedings in eminent domain. To the extent Eminent Domain Fees are paid by the Developer, the Developer may seek reimbursement of any or all eligible Eminent Domain Fees from PID Bonds, or if PID Bonds are not issued, Assessments. 5.20 City PID Fee. The City PID Fee shall be in an amount calculated in accordance with the City PID Policy and be based upon the number of single-family residential lots included within the applicable Phase of the Project that are being assessed. As relates to the City PID Fee or any portion thereof required to be paid to the City, Developer shall deposit such amount in an identifiable escrow account that contains the full amount (or, if applicable, a reduced portion thereof) of the City PID Fee (the “City PID Fee Account”) for a particular Phase of Development and shall provide proof of such deposit to the City at least seven (7) business days before the posting of a preliminary offering document for any series of PID Bonds for such Phase of Development. The Developer shall not withdraw from or otherwise reduce or in any manner encumber the amount deposited into the City PID Fee Account for at least 60 days once deposited except that not later than seven (7) business days after the closing and delivery of PID Bonds for such Phase of Development, Developer shall release the full amount in the City PID Fee Account to the City. Fifty percent (50%) of the City PID Fees collected by the City (the “PID Fee Contribution”) shall be placed in a separate and identifiable interest-bearing account held by the City and not commingled with any other funds. The PID Fee Contribution shall be used to provide additional funds to reimburse the Developer in an amount up to the actual cost to design and construct CHURCH TRACT DEVELOPMENT AGREEMENT PAGE 19 Standridge Boulevard (as defined in the LH Development Agreement) and the Mantua Parkway Road Improvements (as defined in the LH Development Agreement) to the extent such actual costs have not been paid through the Impact Fee 380 Agreement; provided, however, that if Developer has not completed construction of all four lanes of Standridge Boulevard on or before December 31, 2029 (the “Standridge Deadline”), then Developer shall forfeit entitlement to the PID Fee Contribution and the City may retain and utilize same for any lawful purpose. Provided that Developer meets the Standridge Deadline: (1) the PID Fee Contribution amount on deposit with the City shall be paid to Developer within thirty (30) days of Developer’s written request for same; and (2) the Developer shall be credited fifty percent (50%) of City PID Fees that would otherwise be due in association with any series of PID Bonds issued after the Standridge Deadline has been met such that the Developer need only pay fifty percent (50%) of the City PID Fee. Notwithstanding the foregoing and only if Developer has not forfeited its entitlement to the PID Fee Contribution as described above, the PID Fee Contribution shall be used solely to reimburse developer for the costs identified in this paragraph and only to the extent such costs have not been paid to the Developer under the Impact Fee 380 Agreement. 5.21 Rental Property. Developer shall not knowingly sell a total of more than five percent (5%) of the total number of single-family lots projected to be within the Project to “institutional investors” that intend to own and rent or lease single-family residences within the Project. An “institutional investor” shall mean an entity that intends or desires to purchase more than five (5) single-family lots within the Project and constructs or causes to be constructed homes thereon for rental or leasing purposes. SECTION 6 PID BONDS 6.1 PID Bond Issuance. Subject to the satisfaction of conditions set forth in this Section, the City may issue PID Bonds solely for the purposes of acquiring or constructing PID Projects. Developer may request issuance of PID Bonds by filing with the City a list of the PID Projects to be funded with the PID Bonds and the estimated costs of such PID Projects. Developer acknowledges that the City may require at that time a professional services agreement that obligates Developer to fund the costs of the City’s professionals relating to the preparation for and issuance of PID Bonds, which amount shall be agreed to by the Parties and considered a cost payable from such PID Bonds. The issuance of PID Bonds is subject to the following conditions: (1) The City has determined that (a) there will be no negative impact on the City’s creditworthiness, bond rating, access to or cost of capital, or potential for liability and (b) the PID Bonds assessment level, structure, terms, conditions and timing of the issuance of the PID Bonds are reasonable for the PID Projects Costs to be financed and that there is sufficient security for the PID Bonds to be creditworthy. (2) All costs incurred by the City that are associated with the administration of the PID shall be paid out of special assessment revenue levied against property within the PID. City administration costs shall include without limitation those associated with continuing disclosure, compliance with federal tax law, agent fees, staff time, regulatory reporting and legal and financial reporting requirements. CHURCH TRACT DEVELOPMENT AGREEMENT PAGE 20 (3) The adoption of a Service and Assessment Plan and an Assessment Ordinance levying assessments on all or any portion of the Property benefitted by such PID Projects in amounts sufficient to pay all costs related to such PID Bonds. (4) If requested by the City, delivery of an Independent Appraisal to the City confirming that the special benefits conferred on the properties being assessed for the PID Projects increase the value of the property by an amount at least equal to the amount assessed against such property. (5) Approval by the Texas Attorney General of the PID Bonds and registration of the PID Bonds by the Comptroller of Public Accounts of the State of Texas. (6) Developer is current on all taxes, assessments, fees and obligations to the City including without limitation payment of Assessments. (7) Developer is not in material default under this Agreement or any other agreement with the City. (8) No outstanding PID Bonds are in default and no reserve funds established for outstanding PID Bonds have been drawn upon that have not been replenished. (9) The Administrator has certified that the specified portions of the costs of the PID Projects to be paid from the proceeds of the PID Bonds are eligible to be paid with the proceeds of such PID Bonds; therewith, such approval not to be unreasonably withheld, conditioned or delayed upon presentation of a certificate in compliance with the applicable Indenture. (10) The PID Projects to be financed by the PID Bonds have been or will be constructed according to the approved Development Standards imposed by this Agreement including without limitation any applicable Governing Regulations and/or City Regulations. (11) The maximum maturity for each issuance of PID Bonds shall not exceed 30 years from the date of delivery thereof. (12) The final maturity for any PID Bonds shall be not later than 50 years from the Effective Date. (13) The City has determined that the PID Bonds meet all regulatory and legal requirements applicable to the issuance of the PID Bonds. (14) If the applicable portion of PID Projects has not already been constructed and to the extent PID Bond Proceeds are insufficient to fund such PID Projects Cost, plus private costs to reach final lot completion, the City may require the Developer to, at time of closing the PID Bonds, provide evidence of (i) available funds to the Developer or any corporate parent of the Developer and made available to the Developer, (ii) evidence of financial security from a Lender (as defined herein) of loan funds available under a loan, letter of credit or other credit facility extended to the Developer or any corporate parent of the Developer and made available to the Developer by a financial institution or other lender CHURCH TRACT DEVELOPMENT AGREEMENT PAGE 21 (a “Lender”) for the purpose of development of the Authorized Improvements, equal to or greater than the difference between the PID Projects Costs plus private costs to reach final lot completion, and the PID Bond Proceeds available to fund such PID Projects Costs (and private costs to reach final lot completion) or (iii) a completion agreement from any party serving as a Developer that is a publicly traded or publicly listed company or homebuilder; or any combination of (i), (ii) or (iii) in the discretion of the City. If so required by the City, and the Developer provides evidence of available funds or fiscal security as described in the preceding sentence in connection with a series of PID Bonds, the Developer shall not be required to provide any up front cash deposit to fund the applicable PID Projects not otherwise funded through the applicable series of PID Bonds. (15) No information regarding the City, including without limitation financial information, shall be included in any offering document relating to PID Bonds without the consent of the City. (16) Developer agrees to provide periodic information and notices of material events regarding Developer and Developer’s development of the Project and any continuing disclosure agreements executed by Developer in connection with the issuance of PID Bonds. (17) Developer is not in default under a Developer Continuing Disclosure Agreement. (18) The issuance of any Refunding Bonds, the amount of assessment necessary to pay the Refunding Bonds shall not exceed the remaining principal amount of the assessments that were levied to pay the PID Bonds that are being refunded. (19) The gross tax equivalent rate for the annual installments of the Assessments shall not exceed $1.35 per $100.00 of taxable assessed valuation prior to application of the TIRZ Revenue (which maximum total tax equivalent rate shall be measured based on the estimated build out value of the applicable Property), without prior written consent of the City, in its sole discretion, which written consent may be evidenced by the City’s adoption of an Assessment Ordinance without the necessity of amending this Agreement. (20) Unless otherwise agreed to by the City, the value to lien ratio for Assessments securing PID Bonds shall not be less than 2:1; provided that the City may allow for a lesser ratio through the adoption of a resolution, Bond Ordinance, Assessment Ordinance or other applicable council action that authorizes a lesser value to lien ratio without the necessity of amending this Agreement. (21) Developer has provided proof reasonably satisfactory to the City that the City PID Fee (or portion thereof, as applicable) has been deposited into the City PID Fee Account in accordance with Section 5.20. (22) Developer and the City shall have entered into a Reimbursement Agreement with respect to the Phase primarily benefitted by such PID Bonds. 6.2 Disclosure Information. Prior to the issuance of PID Bonds by the City, Developer agrees to provide all relevant information, including financial information, that is reasonably CHURCH TRACT DEVELOPMENT AGREEMENT PAGE 22 necessary in order to provide potential bond investors with a true and accurate offering document for any PID Bonds. Developer agrees, represents, and warrants that any information provided by Developer for inclusion in a disclosure document for an issue of PID Bonds will not, to Developer’s actual knowledge, contain any untrue statement of a material fact or omit any statement of material fact required to be stated therein or necessary to make the statements made therein, in light of the circumstances under which they were made, not misleading, and Developer further agrees that it will provide a certification to such effect as of the date of the closing of any PID Bonds. 6.3 Tax Certificate. If, in connection with the issuance of the PID Bonds, the City is required to deliver a certificate as to tax exemption (a “Tax Certificate”) to satisfy requirements of the United States Internal Revenue Code, Developer agrees to provide, or cause to be provided, such facts and estimates as the City reasonably considers necessary to enable it to execute and deliver its Tax Certificate. Developer represents that such facts and estimates will be based on its reasonable expectations on the date of issuance of the PID Bonds and will be, to the best of the knowledge of the officers of Developer providing such facts and estimates, true, correct and complete as of such date. To the extent that it exercises control or direction over the use or investment of the PID Bond Proceeds, including, but not limited to, the use of the PID Projects, Developer further agrees that it will not knowingly make, or permit to be made, any use or investment of such funds that would cause any of the covenants or agreements of the City contained in a Tax Certificate to be violated or that would otherwise have an adverse effect on the tax-exempt status of the interest payable on the PID Bonds for federal income tax purposes. SECTION 7 TAX INCREMENT REINVESTMENT ZONE; CHAPTER 380 GRANT 7.1 Tax Increment Reinvestment Zone. Prior to the issuance of the first series of PID Bonds, the City will consider creation of a TIRZ including the Property, which TIRZ may include property subject to the LH Development Agreement. The base year of any subzone of the TIRZ shall be the year in which the TIRZ is created. The City agrees to use not less than fifty percent (50%) of the ad valorem tax increment generated in the TIRZ (the “Tax Increment”), for a period of up to forty (40) years (the “City Participation”) for the purposes described in this paragraph. The Tax Increment generated on the Property included in the TIRZ shall be used for (i) first, to pay the Administrative Expenses for the TIRZ and (ii) second to, on a parcel-by-parcel basis, offset or pay a portion of any Assessment levied on assessed parcels for the costs of Authorized Improvements. The Developer agrees to use reasonable efforts to obtain Collin County’s participation in the TIRZ, and the City agrees to provide any necessary support for such efforts. 7.2 TIRZ Funds. In accordance with the Project and Finance Plan, the Tax Increment obtained from the TIRZ subzones shall be placed into a accounts as appropriate and shall be used as described above. 7.3 Chapter 380 Grant. CHURCH TRACT DEVELOPMENT AGREEMENT PAGE 23 (a) Eligible Infrastructure Grant. In consideration of the Developer’s agreement to construct certain authorized improvements as set forth in the LH Development Agreement, the City agreed to provide the Eligible Infrastructure Grant (as such term is defined in the LH Development Agreement) to reimburse the Developer for the costs of the Eligible Infrastructure (as such term is defined in the LH Development Agreement) in accordance with the LH Development Agreement and an Impact Fee 380 Agreement (as defined in the LH Development Agreement). In consideration for the Developer’s agreements contained herein to construct the Authorized Improvements, the City agrees to include the Impact Fees collected from the Property as part of the funds available to pay the Eligible Infrastructure Grant. SECTION 8 PAYMENT AND REIMBURSEMENT OF PID PROJECTS 8.1 Payment of Costs of PID Projects. The Parties understand that PID Bond Proceeds and/or the proceeds from Assessments will be used to reimburse the Developer for certain PID Projects Costs related to the PID Projects and, in the event PID Bond Proceeds and/or proceeds from Assessments are not available at the time that all or a portion of the PID Projects are substantially complete and the City is ready to accept said PID Projects or portion thereof, PID Bond Proceeds and/or proceeds from Assessments, once available, will be used to reimburse Developer for said PID Projects Cost following acceptance by the City. Such reimbursement will be governed by the terms of the Reimbursement Agreement to be entered into between the Developer and the City for the applicable Phase. 8.2 Improvement Account of the Project Fund and Developer Improvement Account. The Improvement Accounts of the Project Fund and the Developer Improvement Account shall be administered and controlled by the City, together with the trustee appointed by the City pursuant to the applicable Indenture, and funds in the Improvement Account of the Project Fund and the Developer Improvement Account shall be deposited and disbursed in accordance with the terms of the respective Indenture. 8.3 Cost Overrun. If the total PID Projects Cost for any Phase of development exceeds the total amount of monies on deposit in the Improvement Account of the Project Fund and the Developer Improvement Account (a “Cost Overrun”), Developer shall be solely responsible for the Cost Overrun, except as provided in Section 8.4 below. 8.4 Cost Underrun. If, upon the completion of construction of an PID Project (or segment or section thereof) and payment or reimbursement for such PID Project (or segments or section thereof), there are Cost Underruns, any remaining Budgeted Cost(s) may be available to pay Cost Overruns on any other PID Project. The elimination of a category of PID Projects as set forth in the Service and Assessment Plan will require an amendment to the SAP Prior to the completion of all of the PID Projects within an improvement category, as listed in the applicable SAP and the PID, funds available from an improvement category (e.g., water, sanitary sewer, roadway, soft costs, etc.) may be used as Cost Underruns and applied to another improvement category in consultation with the Administrator and approval of the City Manager. If, upon completion of the PID Projects in any improvement category, there are funds remaining in any improvement categories, those funds can then be used to reimburse the Developer for any qualifying costs of the PID Projects that have not been previously paid. CHURCH TRACT DEVELOPMENT AGREEMENT PAGE 24 SECTION 9 ANNEXATION AND POST-ANNEXATION MATTERS 9.1 Annexation. (a) Annexation Generally. Within 60 days after the Developer’s acquisition of the Property, the Developer shall submit a voluntary annexation petition for the Property. This Agreement constitutes the service plan agreement for providing City services to any annexed portion of the Property (the “Annexed Property”) as described in Section 9.1(e). If the City is unable to complete the annexation of any Annexed Property for any reason, including but not limited to procedural error or legal challenge, Developer shall execute another voluntary annexation petition for the Annexed Property within ten (10) days of being requested to do so. Should the City fail to complete the annexation of the Property in accordance with this Agreement, Developer shall have the right to terminate this Agreement with notice to the City and, upon such termination, the Property shall be immune to involuntary annexation by the City for a period of thirty (30) years thereafter regardless of any change of law. (b) Zoning. The City shall, subject to Section 9.1(a) in accordance with applicable statutory requirements, take all steps necessary to complete the annexation of the Property immediately prior to the ordinance adopting the PD Zoning (as defined herein). After or in conjunction with the annexation of the ETJ Property, the City shall consider planned development zoning for the Property (whether such zoning is achieved pursuant to an amendment to the Liberty Hills PD Ordinance or a separate ordinance) consistent with the Development Standards, the Illustrative Layout or Concept Plan, and this Agreement (the “PD Zoning”). To facilitate such PD Zoning, the Developer agrees to submit a zoning application within thirty days after the Effective Date. The Parties agree that the Illustrative Layout attached hereto as Exhibit C, the Development Standards, together with the Governing Regulations, City Regulations, and the applicable provisions of this Agreement memorialize the plan for development of the Property as of the Effective Date. Through this Agreement, Developer expressly consents and agrees to the PD Zoning of the Property, to the extent the Property is in the City’s corporate limits. Any such zoning of the Property shall otherwise be in accordance with all procedures set forth in the applicable City Regulations. Should the City Council fail—within 90 days after submittal of a complete and sufficient zoning application—to approve the PD Zoning on the Property in accordance with this Agreement through no fault of the Developer, or approve zoning on the Property that is in any way more restrictive than the PD Zoning without the Developer’s consent through no fault of the Developer, then the Developer shall have the right to terminate this Agreement with notice to the City provided that such notice is provided in accordance with this Agreement within 60 days of such action or inaction by the City Council. Within thirty (30) days following delivery of such termination notice, the City shall disannex the applicable portion of the Property from the City. Notwithstanding the foregoing or any other provision of this Agreement, Developer’s failure to submit a zoning application and Concept Plan that complies with all provisions of the Zoning Ordinance applicable to the submittal of a zoning application and Concept Plan shall be deemed a failure to submit a complete and sufficient zoning application provided that the City provide notice within 45 days of such a submittal stating each deficiency that Developer shall be required to cure in order for such zoning application and Concept Plan be processed and considered for approval. No disannexation shall be required if Developer fails to cure the zoning application as set forth in this paragraph. CHURCH TRACT DEVELOPMENT AGREEMENT PAGE 25 (c) Disannexation; Creation of Municipal Utility District. In the event PID Bonds for a particular Phase of the Project are not issued as a result of any act or omission of the City, including the City’s refusal to issue such PID Bonds, and by no fault of the Developer, and a period of ninety days to cure such non-occurrence has passed after the Developer provides written notice of such non-occurrence, then (a) the City shall—if the Developer petitions for disannexation—disannex the applicable portion of the Property from the City and any remaining portion of the Property for which PID Bonds have not been issued within thirty (30) days of the filing of the disannexation petition by Developer and such property shall thereafter be immune to involuntary annexation by the City for a period of thirty (30) years and (b) the Developer shall provide notice to the City of its intent to form a municipal utility district or similar utility or improvement district created by special act of the Texas Legislature or the TCEQ or, if necessary, any other agency with jurisdiction (a “MUD”) on the portion of the Property disannexed pursuant to this paragraph and upon such notice, the City shall be deemed to have consented to the formation of the MUD with no further action of the City or City Council required; provided that the City shall take any necessary steps or provide any documents necessary to evidence the City’s consent to the TCEQ, the Texas Attorney General or other agency or body with regulatory powers over the MUD. If PID Bonds have issued for prior Phases of the Property or assessments been levied, those Phases shall remain within the limits of City. For the avoidance of doubt and notwithstanding the foregoing or any other provision of this Agreement, this paragraph shall not apply and disannexation shall not be required in the event that PID Bonds for a particular Phase of the Project are not issued by the City because the conditions and requirements set forth in Section 6.1 that are in the reasonable control of the Developer, which provisions shall solely include items (7), (8), (11), (15), (17), (18), (22), and (23) set forth under Section 6.1, and in and Section 6.2 have not been satisfied by the Developer. (d) Survival. In the event Developer terminates this Agreement in accordance with this Section 9, Developer’s rights and remedies under this Section 9, including disannexation and the ETJ Property’s immunity to future involuntary annexation, shall survive such termination. (e) Agreement for Services. Pursuant to Section 43.0672, Texas Local Government Code, this Agreement shall constitute an agreement for the provision of services to the ETJ Property and, except as expressly provided otherwise herein, the City shall, immediately upon the effective date of any annexation, provide the Property with all those municipal services currently offered within the City, including those which may be offered in the future, without discrimination. The Developer is not required to enter into this Agreement. The annexation procedures described in plain language in this Agreement require the Developer’s consent. The Parties acknowledge and agree that this Agreement shall satisfy the written disclosure requirements under Section 212.172(b-1) of the Texas Local Government Code. SECTION 10 EVENTS OF DEFAULT; REMEDIES 10.1 Events of Default. No Party shall be in default under this Agreement until notice of the alleged failure of such Party to perform has been given in writing (which notice shall set forth in reasonable detail the nature of the alleged failure) and until such Party has been given a reasonable time to cure the alleged failure (such reasonable time to be determined based on the nature of the alleged failure, but in no event more than thirty (30) days (or any longer time period CHURCH TRACT DEVELOPMENT AGREEMENT PAGE 26 to the extent expressly stated in this Agreement as relates to a specific failure to perform) after written notice of the alleged failure has been given. Notwithstanding the foregoing, no Party shall be in default under this Agreement if, within the applicable cure period, the Party to whom the notice was given begins performance and thereafter diligently and continuously pursues performance until the alleged failure has been cured. Notwithstanding the foregoing, however, a Party shall be in default of its obligation to make any payment required under this Agreement if such payment is not made within twenty (20) business days after it is due. 10.2 Remedies. As compensation for the other party's default, an aggrieved Party is limited to seeking specific performance of the other party's obligations under this Agreement. 10.3 Performance Window; Election to Terminate. In the event that Developer does not request that the City issue the initial series of PID Bonds on or before December 31, 2027, none of the Parties hereto shall thereafter be required to perform under this Agreement and this Agreement will terminate. If this Agreement is terminated under this Section 10.3, if a PID has been created, the owner of the applicable Property must within 30 days of such termination file or caused to be filed with the City an irrevocable petition by the owners of the applicable Property to dissolve the PID and shall thereafter promptly undertake any and all reasonable and necessary actions to facilitate the dissolution of the PID. Notwithstanding any provision of this Agreement, the obligations of any owner of Property regarding the dissolution of the PID in accordance with this Section 10.3 shall survive the termination of this Agreement. SECTION 11 ASSIGNMENT; ENCUMBRANCE 11.1 Assignment. This Agreement shall be binding upon and inure to the benefit of the successors and assigns of the Parties hereto. The obligations, requirements, or covenants to develop the Property subject to this Agreement shall be assignable, in whole or in part, by the Developer, with the prior written consent of the City. The City’s consent to such assignment shall not be unreasonably withheld. Notwithstanding the foregoing, the Developer has the right from time to time, without the consent of but with written notice to the City, to assign this Agreement in whole or in part to (i) any person or entity that is or will become an owner of any portion of the Property, to the extent of such assignee’s ownership of the Property, (ii) any entity formed in which the Developer or any principal of the Developer retains an ownership interest of at least fifty-one percent (51%), any subsidiary of the Developer, or any entity that is under common control with or controlled by the Developer, (iii) or any lien holder on the Property. An assignee shall be considered a “Party” for the purposes of this Agreement. Each assignment shall be in writing executed by the Developer and the assignee and shall obligate the assignee to be bound by this Agreement to the extent this Agreement applies or relates to the obligations, rights, title, or interests being assigned. No assignment by the Developer shall release the Developer from any liability that resulted from an act or omission by the Developer that occurred prior to the effective date of the assignment unless the City approves the release in writing. The Developer shall maintain written records of all assignments made by the Developer to assignees, including a copy of each executed assignment and, upon written request from any Party or assignee, shall provide a copy of such records to the requesting person or entity, and this obligation shall survive the assigning Party’s sale, assignment, transfer, or other conveyance of any interest in this Agreement or the Property. CHURCH TRACT DEVELOPMENT AGREEMENT PAGE 27 11.2 Assignees as Parties. An Assignee authorized in accordance with this Agreement and for which notice of assignment has been provided in accordance herewith shall be considered a “Party” for the purposes of this Agreement. With the exception of: (a) the City, (b) an End User, (c) a purchaser of a Fully Developed and Improved Lot, any person or entity upon becoming an owner of land within the PID or upon obtaining an ownership interest in any part of the Property shall be deemed to be a “Developer” and have all of the rights and obligations of Developer as set forth in this Agreement and all related documents to the extent of said ownership or ownership interest. 11.3 Third Party Beneficiaries. Except as otherwise provided herein, this Agreement inures to the benefit of, and may only be enforced by, the Parties. No other person or entity shall have any right, title, or interest under this Agreement or otherwise be deemed to be a third-party beneficiary of this Agreement. 11.4 Notice of Assignment. Subject to Section 11.1 of this Agreement, the following requirements shall apply in the event that the Developer sells, assigns, transfers, or otherwise conveys the Property or any part thereof and/or any of its rights or benefits under this Agreement: (i) the Developer must provide written notice to the City to the extent required under Section 11.1; (ii) said notice must describe the extent to which any rights or benefits under this Agreement will be sold, assigned, transferred, or otherwise conveyed; (iii) said notice must state the name, mailing address, telephone contact information, and, if known, email address, of the person(s) that will acquire any rights or benefits as a result of any such sale, assignment, transfer or other conveyance; and (iv) said notice must be signed by a duly authorized person representing the Developer and a duly authorized representative of the person that will acquire any rights or benefits as a result of the sale, assignment, transfer or other conveyance. SECTION 12 GENERAL PROVISIONS 12.1 Recitals. The recitals contained in this Agreement: (a) are true and correct as of the Effective Date; (b) form the basis upon which the Parties negotiated and entered into this Agreement; (c) reflect the final intent of the Parties with regard to the subject matter of this Agreement; and (d) are fully incorporated into this Agreement for all purposes. In the event it becomes necessary to interpret any provision of this Agreement, the intent of the Parties, as evidenced by the recitals, shall be taken into consideration and, to the maximum extent possible, given full effect. The Parties have relied upon the recitals as part of the consideration for entering into this Agreement and, but for the intent of the Parties reflected by the recitals, would not have entered into this Agreement. 12.2 Acknowledgments. In negotiating and entering into this Agreement, the Parties respectively acknowledge and understand that: (a) The Developer’s obligations hereunder are primarily for the benefit of the Property; (b) the improvements to be constructed and the open space dedications and donations of real property that Developer is obligated to set aside and/or dedicate under this CHURCH TRACT DEVELOPMENT AGREEMENT PAGE 28 Agreement will benefit the Project by positively contributing to the enhanced nature thereof, increasing property values within the Project, and encouraging investment in and the ultimate development of the Project; (c) the Developer’s consent and acceptance of this Agreement is not an exaction or a concession demanded by the City, but is an undertaking of Developer’s voluntary design to ensure consistency, quality, and adequate public improvements that will benefit the Property; (d) the Public Infrastructure will benefit the City and promote state and local economic development, stimulate business and commercial activity in the City for the development and diversification of the economy of the state, promote the development and expansion of commerce in the state, and reduce unemployment or underemployment in the state; (e) nothing contained in this Agreement shall be construed as creating or intended to create a contractual obligation that controls, waives, or supplants the City Council’s legislative discretion or functions with respect to any matters not specifically addressed in this Agreement; and (f) this Agreement is a development agreement under Section 212.172, Texas Local Government Code. 12.3 Binding Obligations. This Agreement and all amendments thereto and assignments hereof shall be recorded in the Real Property Records. This Agreement binds and constitutes a covenant running with the Property and, upon the Effective Date, is binding upon the Developer and the City, and forms a part of any other requirements for development within the Property. This Agreement, when recorded, shall be binding upon the Parties and their successors and assigns as permitted by this Agreement and upon the Property; however, this Agreement shall not be binding upon, and shall not constitute any encumbrance to title as to, any End User of a Fully Developed and Improved Lot except for land use and development regulations that apply to such Fully Developed and Improved Lot. 12.4 Complete Agreement. This Agreement embodies the entire Agreement between the Parties and cannot be varied or terminated except as set forth in this Agreement, or by written agreement of the Parties expressly amending the terms of this Agreement. 12.5 Consideration. This Agreement is executed by the Parties hereto without coercion or duress and for substantial consideration, the sufficiency of which is hereby acknowledged. 12.6 Term. Unless otherwise extended by mutual agreement of the Parties, the term of this Agreement shall be until the later of (i) thirty (30) years from the Effective Date or (ii) the final maturity of PID Bonds sold in accordance with this Agreement (the “Original Term”). Upon expiration of the Original Term, the City shall have no obligations under this Agreement with the exception of maintaining and operating the PID in accordance with the SAP and the Indenture, and the Developer’s obligations shall terminate. 12.7 INDEMNIFICATION and HOLD HARMLESS. THE DEVELOPER, INCLUDING ITS SUCCESSORS AND ASSIGNS, HEREBY COVENANT AND AGREE TO CHURCH TRACT DEVELOPMENT AGREEMENT PAGE 29 RELEASE, DEFEND, HOLD HARMLESS, AND INDEMNIFY THE CITY AND ITS OFFICIALS, OFFICERS, AGENTS, REPRESENTATIVES, SERVANTS AND EMPLOYEES (COLLECTIVELY, THE “RELEASED PARTIES”), FROM AND AGAINST ALL THIRD- PARTY CLAIMS, SUITS, JUDGMENTS, DAMAGES, AND DEMANDS AGAINST THE CITY OR ANY OF THE RELEASED PARTIES, WHETHER REAL OR ASSERTED INCLUDING WITHOUT LIMITATION REASONABLE ATTORNEY’S FEES AND RELATED EXPENSES, EXPERT WITNESS FEES, CONSULTANT FEES, AND OTHER COSTS, ARISING OUT OF THE NEGLIGENCE OR OTHER WRONGFUL CONDUCT OF DEVELOPER, INCLUDING THE NEGLIGENCE OF ITS EMPLOYEES, CONTRACTORS, SUBCONTRACTORS, MATERIAL MEN, AND/OR AGENTS, IN CONNECTION WITH THE DESIGN OR CONSTRUCTION OF ANY PUBLIC INFRASTRUCTURE, STRUCTURES, OR OTHER FACILITIES OR IMPROVEMENTS THAT ARE REQUIRED OR PERMITTED UNDER THIS AGREEMENT (TOGETHER, “CLAIMS”); AND IT IS EXPRESSLY UNDERSTOOD THAT SUCH CLAIMS SHALL, EXCEPT AS MODIFIED BELOW, INCLUDE CLAIMS EVEN IF CAUSED BY THE CITY’S OWN CONCURRENT NEGLIGENCE SUBJECT TO THE TERMS OF THIS SECTION. THE DEVELOPER SHALL NOT, HOWEVER, BE REQUIRED TO INDEMNIFY THE CITY AGAINST CLAIMS CAUSED BY THE CITY’S SOLE NEGLIGENCE, GROSS NEGLIGENCE OR WILLFUL MISCONDUCT. IF THE CITY INCURS CLAIMS THAT ARE CAUSED BY THE CONCURRENT NEGLIGENCE OF DEVELOPER AND THE CITY, DEVELOPER’S INDEMNITY OBLIGATION(S) WILL BE LIMITED TO A FRACTION OF THE TOTAL CLAIMS EQUIVALENT TO DEVELOPER’S OWN PERCENTAGE OF RESPONSIBILITY. DEVELOPER, INCLUDING THEIR RESPECTIVE SUCCESSORS AND ASSIGNS, FURTHER COVENANTS AND AGREES TO RELEASE, DEFEND, HOLD HARMLESS, AND INDEMNIFY, THE CITY AGAINST ANY AND ALL CLAIMS BY ANY PERSON CLAIMING AN OWNERSHIP INTEREST IN THE PROPERTY PRIOR TO THE EFFECTIVE DATE WHO HAS NOT SIGNED THIS AGREEMENT IF SUCH CLAIMS RELATE IN ANY MANNER OR ARISE IN CONNECTION WITH: (1) THE CITY’S RELIANCE UPON DEVELOPER’S REPRESENTATIONS IN THIS AGREEMENT; (2) THIS AGREEMENT OR OWNERSHIP OF THE PROPERTY; OR (3) THE CITY’S APPROVAL OF ANY TYPE OF DEVELOPMENT APPLICATION OR SUBMISSION WITH RESPECT TO THE PROPERTY. 12.8 Status of Parties. At no time shall the City have any control over or charge/supervision of Developer’s design, construction, installation or other work related to any of the Public Infrastructure, nor the means, methods, techniques, sequences, or procedures utilized for said design, construction, installation or other work. This Agreement does not create a joint enterprise or venture or employment relationship between the City and Developer. 12.9 Payee Information. With respect to any and every type of payment/remittance due to be paid at any time by the City to a Party hereto after the Effective Date under this Agreement, the name and delivery address of the payee for such payment shall be the notice address applicable to such party set forth in Section 12.10. Any Party to receive such payments/remittance may change the name of the payee and/or address by delivering written notice to the City designating a new payee and/or address or through an assignment of such Party’s rights hereunder. 12.10 Notices. Any notice, submittal, payment or instrument required or permitted by this Agreement to be given or delivered to any party shall be deemed to have been received (i) if CHURCH TRACT DEVELOPMENT AGREEMENT PAGE 30 delivered via a method other than e-mail, when delivered personally or upon the expiration of 72 hours following deposit of the same in any United States Post Office, registered or certified mail, postage prepaid or (ii) if delivered via e-mail, upon the earlier of receipt of a “delivery receipt” or on the next Business Day after being sent (as recorded on the device from which the sender sent the email) unless the sender receives an automated message that the email has not been delivered. Any such notice shall be addressed as follows: To the City: City of Anna, Texas Attn: City Manager 120 W. 7th Street Anna, Texas 75409 E-mail: gpeters@annatexas.gov With a copy to: Wolfe, Tidwell & McCoy, LLP Attn: Clark McCoy 2591 Dallas Parkway, Suite 300 Frisco, Texas 75034 E-mail: cmccoy@wtmlaw.net And to: McCall, Parkhurst & Horton L.L.P. Attn: Rodolfo Segura Jr 717 North Harwood, Suite 900 Dallas, TX 75201 E-mail: rsegura@mphlegal.com To the Developer: VC Liberty Hills, LLC Attn: Kevin Lazares 3860 W. Northwest Hwy, Suite 450 Dallas, Texas 75220 E-mail: klazares@veritascommunities.com With a copy to: Greenberg Traurig, LLP Attn: Drew Slone 2200 Ross Ave., Suite 5200 Dallas, Texas 75201 E-mail: drew.slone@gtlaw.com Any Party may change its address or addresses for delivery of notice by delivering written notice of such change of address to the other Party. 12.11 Estoppel Certificates. From time to time, upon written request of the Developer under this Agreement, and upon the payment to the City of a $100.00 fee plus all reasonable costs incurred by the City in providing the certificate described in this section, the City Manager, or his/her designee will, in his/her official capacity and to his/her reasonable knowledge and belief, execute a written estoppel certificate identifying any obligations of the Developer under this Agreement that are in default. CHURCH TRACT DEVELOPMENT AGREEMENT PAGE 31 12.12 Interpretation. Each Party has been actively involved in negotiating and drafting this Agreement. Accordingly, a rule of construction that any ambiguities are to be resolved against the drafting Party will not apply to interpreting this Agreement. In the event of any dispute over the meaning or application of any provision of this Agreement, the provision will be interpreted fairly and reasonably and neither more strongly for nor against any Party, regardless of which Party originally drafted the provision. 12.13 Time. In this Agreement, time is of the essence and compliance with the times for performance herein is required. 12.14 Authority and Enforceability. The City represents and warrants that this Agreement has been approved by official action by the City Council of the City in accordance with all applicable public notice requirements (including, but not limited to, notices required by the Texas Open Meetings Act) and that the individual executing this Agreement on behalf of the City has been duly authorized to do so. The Developer represents and warrants that this Agreement has been approved by appropriate action of the Developer, and that each individual executing this Agreement on behalf of the Developer has been duly authorized to do so. Each Party respectively acknowledges and agrees that this Agreement is binding upon such Party and is enforceable against such Party, in accordance with its terms and conditions. 12.15 Limited Waiver of Immunity. The Parties are entering into this Agreement in reliance upon its enforceability. Consequently, the City unconditionally and irrevocably waives all claims of sovereign and governmental immunity which it may have (including, but not limited to, immunity from suit and immunity to liability) to the extent, but only to the extent, that a waiver is necessary to enforce specific performance of this Agreement (including all of the remedies provided under this Agreement) and to give full effect to the intent of the Parties under this Agreement. Notwithstanding the foregoing, the waiver contained herein shall not waive any immunities that the City may have with respect to claims of injury to persons or property, which claims shall be subject to all of their respective immunities and to the provisions of the Texas Tort Claims Act. Further, the waiver of immunity herein is not enforceable by any party not a Party to this Agreement. 12.16 Amendment; Severability. This Agreement shall not be modified or amended except in writing signed by the Parties; provided that any amendment relating to a distinct portion of the Property may be signed solely by the owner of such Property and the City without the requirement of signatures from any other Party hereto and the remaining Parties hereto consent to such amendment. If any provision of this Agreement is determined by a court of competent jurisdiction to be unenforceable for any reason, then: (a) such unenforceable provision shall be deleted from this Agreement; (b) the unenforceable provision shall, to the extent possible and upon mutual agreement of the Parties, be rewritten to be enforceable and to give effect to the intent of the Parties; and (c) the remainder of this Agreement shall remain in full force and effect and shall be interpreted to give effect to the intent of the Parties. 12.17 Applicable Law; Venue. This Agreement is entered into pursuant to and is to be construed and enforced in accordance with the laws of the State of Texas and all obligations of the Parties are performable in Collin County. Exclusive venue for any action related to, arising out of, or brought in connection with this Agreement shall be in a state district court in Collin County. CHURCH TRACT DEVELOPMENT AGREEMENT PAGE 32 12.18 Non Waiver. Any failure by a Party to insist upon performance by the other Party of any material provision of this Agreement shall not be deemed a waiver thereof, and the Party shall have the right at any time thereafter to insist upon strict performance of any and all provisions of this Agreement. No provision of this Agreement may be waived except by writing signed by the Party waiving such provision. Any waiver shall be limited to the specific purposes for which it is given. No waiver by any Party of any term or condition of this Agreement shall be deemed or construed to be a waiver of any other term or condition or subsequent waiver of the same term or condition. 12.19 Force Majeure. Each Party shall use good faith, due diligence and reasonable care in the performance of its respective obligations under this Agreement, and time shall be of the essence in such performance; however, in the event a Party is unable, due to force majeure, to perform its obligations under this Agreement, then the obligations affected by the force majeure shall be temporarily suspended. Within ten (10) business days after the occurrence of a force majeure, the Party claiming the right to temporarily suspend its performance, shall give written notice to all the Parties, including a detailed explanation of the force majeure and a description of the action that will be taken to remedy the force majeure and resume full performance at the earliest possible time. The term “force majeure” shall include events or circumstances that are not within the reasonable control of the Party whose performance is suspended and that could not have been avoided by such Party with the good faith exercise of good faith, due diligence and reasonable care. A Party that has claimed the right to temporarily suspend its performance under this section shall provide written reports to the other Party at least once every week detailing: (i) the extent to which the force majeure event or circumstance continues to prevent the Party’s performance; (ii) all of the measures being employed to regain the ability to fully perform; and (iii) the projected date upon which the Party will be able to resume full performance. 12.20 Statutory Verifications. The Developer makes the following representations and covenants pursuant to Chapters 2252, 2271, 2274, and 2276, Texas Government Code, as heretofore amended (the “Government Code”), in entering into this Agreement. As used in such verifications, “affiliate” means an entity that controls, is controlled by, or is under common control with the Developer within the meaning of SEC Rule 405, 17 C.F.R. § 230.405, and exists to make a profit. Liability for breach of any such verification during the term of this Agreement shall survive until barred by the applicable statute of limitations, and shall not be liquidated or otherwise limited by any provision of this Agreement, notwithstanding anything in this Agreement to the contrary. a. Not a Sanctioned Company. The Developer represents that neither it nor any of its parent company, wholly- or majority-owned subsidiaries, and other affiliates is a company identified on a list prepared and maintained by the Texas Comptroller of Public Accounts under Section 2252.153 or Section 2270.0201, Government Code. The foregoing representation excludes the Developer and each of its parent company, wholly- or majority- owned subsidiaries, and other affiliates, if any, that the United States government has affirmatively declared to be excluded from its federal sanctions regime relating to Sudan or Iran or any federal sanctions regime relating to a foreign terrorist organization. b. No Boycott of Israel. The Developer hereby verifies that it and its parent company, wholly- or majority-owned subsidiaries, and other affiliates, if any, do not CHURCH TRACT DEVELOPMENT AGREEMENT PAGE 33 boycott Israel and will not boycott Israel during the term of this Agreement. As used in the foregoing verification, “boycott Israel” has the meaning provided in Section 2271.001, Government Code. c. No Discrimination Against Firearm Entities. The Developer respectively hereby verifies that it and its parent company, wholly- or majority-owned subsidiaries, and other affiliates, if any, do not have a practice, policy, guidance, or directive that discriminates against a firearm entity or firearm trade association and will not discriminate against a firearm entity or firearm trade association during the term of this Agreement. As used in the foregoing verification, “discriminate against a firearm entity or firearm trade association” has the meaning provided in Section 2274.001(3), Government Code. d. No Boycott of Energy Companies. The Developer hereby verifies that it and its parent company, wholly- or majority-owned subsidiaries, and other affiliates, if any, do not boycott energy companies and will not boycott energy companies during the term of this Agreement. As used in the foregoing verification, “boycott energy companies” has the meaning provided in Section 2276.001(1), Government Code. 12.21 Form 1295. Submitted herewith is a completed Form 1295 in connection with the participation of the Developer for the purposes of Section 2252.908 of the Texas Government Code in the execution of this Agreement generated by the Texas Ethics Commission’s (the “TEC”) electronic filing application in accordance with the provisions of Section 2252.908 of the Texas Government Code and the rules promulgated by the TEC (the “Form 1295”). The City hereby confirms receipt of the Form 1295 from the Developer, and the City agrees to acknowledge such form with the TEC through its electronic filing application not later than the 30th day after the receipt of such form. The Developer and the City understand and agree that, with the exception of information identifying the City and the contract identification number, neither the City nor its consultants are responsible for the information contained in the Form 1295; that the information contained in the Form 1295 has been provided solely by the Developer; and, neither the City nor its consultants have verified such information. 12.22 Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original and constitute one and the same instrument. 12.23 Exhibits. The following exhibits are attached to this Agreement and are incorporated herein for all purposes: Exhibit A Metes and Bounds Description of the Property Exhibit B Depiction of the Property Exhibit C Illustrative Layout Exhibit D Tree Preservation Standards Exhibit E Liberty Hills PD Ordinance Exhibit F LH Development Agreement [SIGNATURES PAGES AND EXHIBITS FOLLOW; REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] Development Agreement Signature Page EXECUTED BY THE PARTIES TO BE EFFECTIVE ON THE EFFECTIVE DATE: CITY OF ANNA, TEXAS By: Name: Pete Cain Title: Mayor Date: STATE OF TEXAS § COUNTY OF COLLIN § This instrument was acknowledged before me on this ____________, 2025, by Pete Cain, Mayor of the City of Anna, Texas, on behalf of said City. Notary Public, State of Texas [SEAL] Approved as to form: ___________________________ Clark McCoy, City Attorney A-1 EXHIBIT A Legal Description BEING A 10.815 ACRE TRACT OF LAND SITUATED IN THE Z. ROBERTS SURVEY, ABSTRACT NO. 760 AND BEING ALL OF A 10.669 ACRE TRACT OF LAND CONVEYED TO DELMORE A.M. CHURCH AND WIFE, JOYCE CHURCH, AS RECORDED IN VOLUME 702, PAGE 585, DEED RECORDS, COLLIN COUNTY TEXAS. SAID 10.815 ACRE TRACT, WITH BEARING BASIS BEING GRID NORTH, TEXAS STATE PLANE COORDINATES, NORTH CENTRAL ZONE NAD83, DETERMINED BY GPS OBSERVATIONS UTILIZING THE ALLTERRA RTKNET, AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING AT A PK NAIL FOUND FOR THE NORTHEAST CORNER OF SAID 10.669 ACRE TRACT AND A COMMON EXTERIOR ELL CORNER OF A 694.344 ACRE TRACT OF LAND CONVEYED AS “TRACT 1” TO LIBERTY 800, LP AS RECORDED IN COUNTY CLERK’S FILE NO. 2023000025691, OFFICIAL PUBLIC RECORDS, COLLIN COUNTY, TEXAS. SAID POINT BEING IN THE SOUTH LINE OF A 666.61 ACRE TRACT OF LAND CONVEYED TO MM MANTUA 701, LLC., AS RECORDED IN COUNTY CLERK’S FILE NO. 2024000100812, OFFICIAL PUBLIC RECORDS, COLLIN COUNTY, TEXAS AND BEING IN THE APPROXIMATE CENTER OF COUNTY ROAD NO. 290 (A PRESCRIPTIVE RIGHT-OF-WAY); THENCE, ALONG THE COMMON LINES OF SAID 10.669 ACRE TRACT AND SAID 694.344 ACRE TRACT, THE FOLLOWING COURSES AND DISTANCES: SOUTH 01 DEGREES 22 MINUTES 47 SECONDS EAST, A DISTANCE OF 252.40 FEET TO A PK NAIL FOUND FOR CORNER; SOUTH 86 DEGREES 38 MINUTES 40 SECONDS WEST, A DISTANCE OF 588.13 FEET TO A 1/2 INCH IRON ROD FOUND FOR CORNER; SOUTH 01 DEGREES 39 MINUTES 17 SECONDS EAST, A DISTANCE OF 628.29 FEET TO A 1/2 INCH IRON ROD WITH CAP STAMPED “RPLS 6578” FOUND FOR CORNER; NORTH 88 DEGREES 23 MINUTES 21 SECONDS WEST, A DISTANCE OF 354.21 FEET TO A PK NAIL FOUND FOR THE SOUTHWEST CORNER OF SAID 10.669 ACRE TRACT AND A COMMON EXTERIOR ELL CORNER OF SAID 694.344 ACRE TRACT. SAID POINT BEING IN THE EAST LINE OF A 103 ACRE TRACT OF LAND CONVEYED TO JAMES R. THORNTON AND LAURIE L. THORNTON, TRUSTEE OF THE THORNTON FAMILY TRUST, AS RECORDED IN COUNTY CLERK’S FILE NO. 20210430000877560, OFFICIAL PUBLIC RECORDS, COLLIN COUNTY, TEXAS AND BEING IN THE APPROXIMATE CENTER OF AFORESAID COUNTY ROAD NO. 290; A-2 THENCE, NORTH 00 DEGREES 55 MINUTES 17 SECONDS WEST, ALONG THE WEST LINE OF SAID 10.669 ACRE TRACT, THE COMMON EAST LINE OF SAID 103 ACRE TRACT AND WITH SAID COUNTY ROAD NO. 290, A DISTANCE OF 890.14 FEET TO A POINT THE NORTHEAST CORNER OF SAID 103 ACRE TRACT AND A COMMON EXTERIOR ELL CORNER OF AFORESAID 666.61 ACRE TRACT. SAID POINT BEING IN THE APPROXIMATE INTERSECTION OF SAID COUNTY ROAD NO. 290 AND COUNTY ROAD NO. 1101 (A PRESCRIPTIVE RIGHT-OF-WAY); THENCE, NORTH 00 DEGREES 55 MINUTES 17 SECONDS WEST, ALONG THE WEST LINE OF SAID 10.669 ACRE TRACT AND A COMMON EASTERLY LINE OF SAID 666.61 ACRE TRACT AND WITH SAID COUNTY ROAD NO. 290, A DISTANCE OF 5.80 FEET TO A POINT FOR THE NORTHWEST CORNER OF SAID 10.669 ACRE TRACT AND A COMMON INTERIOR ELL CORNER OF SAID 666.61 ACRE TRACT; THENCE, NORTH 89 DEGREES 26 MINUTES 47 SECONDS EAST, ALONG THE NORTH LINE OF SAID 10.669 ACRE TRACT, THE COMMON SOUTH LINE OF SAID 666.61 ACRE TRACT AND WITH SAID COUNTY ROAD NO. 290, A DISTANCE OF 931.42 FEET TO THE POINT OF BEGINNING AND CONTAINING A CALCULATED AREA OF 471,113 SQUARE FEET OR 10.815 ACRES OF LAND. THIS DOCUMENT WAS PREPARED UNDER 22 TAC 663.21, DOES NOT REFLECT THE RESULTS OF AN ON THE GROUND SURVEY, AND IS NOT TO BE USED TO CONVEY OR ESTABLISH INTERESTS IN REAL PROPERTY EXCEPT THOSE RIGHTS AND INTERESTS IMPLIED OR ESTABLISHED BY THE CREATION OR RECONFIGURATION OF THE BOUNDARY OF THE POLITICAL SUBDIVISION FOR WHICH IT WAS PREPARED. EXHIBIT B Depiction of the Property Date\Time : 11/6/2025 5:28 PM User Name : Noah Cooper Path\Name : s:\ntx-land\0451\400land\402 exhibits\church tract exhibits\church tract exhibits.dwg FE E T 0 10 0 2 0 0 LJ A E n g i n e e r i n g , I n c . CH U R C H T R A C T BO U N D A R Y E X H I B I T LI B E R T Y H I L L S 60 6 0 N o r t h C e n t r a l E x p r e s s w a y Su i t e 4 0 0 Da l l a s , T e x a s 7 5 2 0 6 Ph o n e 4 6 9 . 6 2 1 . 0 7 1 0 FR N - F - 1 3 8 6 EXHIBIT C Illustrative Layout Date\Time : 11/6/2025 5:29 PM User Name : Noah Cooper Path\Name : s:\ntx-land\0451\400land\402 exhibits\church tract exhibits\church tract exhibits.dwg FE E T 0 10 0 2 0 0 LJ A E n g i n e e r i n g , I n c . CH U R C H T R A C T IL L U S T R A T I V E L A Y O U T LI B E R T Y H I L L S 60 6 0 N o r t h C e n t r a l E x p r e s s w a y Su i t e 4 0 0 Da l l a s , T e x a s 7 5 2 0 6 Ph o n e 4 6 9 . 6 2 1 . 0 7 1 0 FR N - F - 1 3 8 6 EXHIBIT D Tree Preservation Standards Date\Time : 12/1/2025 2:12 PM User Name : Noah Cooper Path\Name : s:\ntx-land\0451\400land\402 exhibits\church tract exhibits\church tract exhibits.dwg FE E T 0 10 0 2 0 0 LJ A E n g i n e e r i n g , I n c . CH U R C H T R A C T TR E E P R E S E R V A T I O N E X H I B I T LI B E R T Y H I L L S 60 6 0 N o r t h C e n t r a l E x p r e s s w a y Su i t e 4 0 0 Da l l a s , T e x a s 7 5 2 0 6 Ph o n e 4 6 9 . 6 2 1 . 0 7 1 0 FR N - F - 1 3 8 6 EXHIBIT E Liberty Hills PD Ordinance EXHIBIT F Liberty Hills Development Agreement Item No. 7.u. City Council Agenda Staff Report Meeting Date: 12/9/2025 Staff Contact: Joey Grisham AGENDA ITEM: Consider/Discuss/Action on a Resolution approving an Economic Development Agreement with VC Liberty Hills, LLC. (Director of Economic Development Joey Grisham) SUMMARY: Similar to the Development Agreement, this Church Tract Chapter 380 Agreement mirrors the previous agreement for Liberty Hills. FINANCIAL IMPACT: N/A BACKGROUND: STRATEGIC CONNECTIONS: This item supports the City of Anna Strategic Plan, specifically advancing the strategic outcome area: Vibrant. ATTACHMENTS: 1. Res. 380 Agreement - Church Tract C23003D20251202CR1 mc 2. (VCLH) LIBERTY HILLS -- Chapter 380 Economic Development Agreement [COMPILED DEVELOPER EXECUTED] RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS APPROVING THE LIBERTY HILLS ECONOMIC DEVELOPMENT AGREEMENT WITH VC LIBERTY HILLS, LCC WHEREAS, VC Liberty Hills, LLC. (the “Developer”) is in the process of developing property for single family use (the “Project”) in association with the Liberty Hills development in the City of Anna, County of Collin, State of Texas, and in accordance with the Liberty Hills Economic Development Agreement attached hereto as Exhibit 1 (the “Agreement”); and WHEREAS, the City has found that the Project and associated incentives provided by the City will promote new or expanded business enterprises; and WHEREAS, the City is authorized to provide economic grants and incentives under Chapter 380 of the Texas Local Government Code through programs such as the program adopted by this resolution and said incentives as described in the Agreement are in exchange for and conditioned upon Developer timely meeting its obligations under the Agreement; NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS: SECTION 1. Findings. The findings set forth above are incorporated herein for all purposes as if set forth in full. SECTION 2. Approval of Project and Agreement The City Council of the City of Anna, Texas hereby approves the Liberty Hills Economic Development Agreement attached hereto as Exhibit 1, incorporated herein for all purposes, and authorizes the Mayor and/or City Manager to execute the same on its behalf, subject to approval as to form by legal counsel for the City, said Agreement to be effective upon its passage and as set forth in said Agreement. Notwithstanding the foregoing or any other provision of this resolution, the City Council’s approval of the Agreement is strictly conditioned upon the approval of the City Attorney as to the form of the Agreement and the City Attorney is authorized to make mutually agreeable modifications to the Agreement before providing said approval as to form of the Agreement. PASSED, APPROVED AND ADOPTED by the City Council of the City of Anna, Texas, on this the 9th day of December 2025. ATTESTED: APPROVED: ________________________________ __________________________ Carrie L. Land, City Secretary Pete Cain, Mayor 1 Liberty Hills Economic Development Agreement 708672011v4 LIBERTY HILLS ECONOMIC DEVELOPMENT AGREEMENT This Liberty Hills Economic Development Agreement (the “Agreement”) is entered into as of December 9, 2025 (the “Effective Date”), by and between the CITY OF ANNA, TEXAS, a home-rule municipality situated in Collin County, Texas (the “City”), and VC LIBERTY HILLS, LLC, a Delaware limited liability company (the “Developer”). RECITALS WHEREAS, the City and the Developer, are sometimes collectively referenced in this Agreement as “Parties” or, each individually, as a “Party”; and WHEREAS, the City, Liberty 800, LP, a Texas limited partnership (“Liberty 800”), Liberty 75, LP, a Texas limited partnership, The Thornton Family Trust, Janis Real Estate, LLC, a Texas limited liability company, and Jay P. and Irene C. Janis, each an individual, have entered into the Liberty Hills Development Agreement effective as of May 14, 2024 (the “Development Agreement”) relating to the development of certain property described in the Development Agreement (the “Development Agreement Property”); and WHEREAS, the City and the Developer have entered into the Church Tract Development Agreement to be effective as of December 9, 2025 (the “Church Tract Development Agreement”) relating to the development of certain property described in the Church Tract Development Agreement (the “Church Tract Property”); and WHEREAS, capitalized terms used but not defined herein shall have the meanings given to them in the Development Agreement and the Church Tract Development Agreement; and WHEREAS, the Development Agreement and the Church Tract Development Agreement provide that the Development Agreement Property and the Church Tract Property will be developed to contain single-family homes of various sizes, townhomes, multi-family, commercial and other mixed-use development constructed over multiple phases and is to be known and referred to as “Liberty Hills” (the “Project”); and WHEREAS, the Development Agreement and the Church Tract Development Agreement provide that the City shall collect certain City PID Fees at the time of issuance of any PID Bonds issued to fund infrastructure relating to the Project and that fifty percent (50%) of the City PID Fees collected by the City (the “PID Fee Contribution”) shall be placed in a separate and identifiable interest-bearing account held by the City (the “City PID Fee Account”) and used to reimburse the Developer in an amount up to the actual cost to design and construct Standridge Boulevard and the Mantua Parkway Road Improvements to the extent such costs have not been paid pursuant to the Impact Fee Grant (as defined herein); and WHEREAS, Liberty 800 has partially assigned, and the Developer has assumed, certain rights and obligations of Liberty 800 set forth in the Development Agreement, as set forth in that certain Partial Assignment and Assumption of Development Agreement dated as of December 3, 2024 and recorded as document number 2024000150083 in the real property records of Collin County, Texas (the “Assignment”), including but not limited to the obligation to construct or acquire (i) the Mantua Parkway Road Improvements as shown on Exhibit B-2, (ii) the northern 2 2 Liberty Hills Economic Development Agreement lanes of Standridge Boulevard as shown on Exhibit B-1 (the “Developer Standridge Boulevard Portion”), (iii) the Major Water Lines as shown on Exhibit B-2, (iv) the Major Water Line Easement as shown on Exhibit B-2, and (v) the Trunk Line Easements as shown on Exhibit B-2 (collectively, the “Eligible Infrastructure”) and the rights to receive payments from all Impact Fees collected in the Project except those Impact Fees collected on the Liberty 75 Property and payments for the Eligible Infrastructure from the City PID Fee Account; and WHEREAS, Liberty 800 has partially assigned, and PH Land Holdings, LLC (“PHLH” has assumed, certain rights and obligations of Liberty 800 set forth in the Development Agreement, as set forth in that certain Partial Assignment and Assumption of Development Agreement dated as of December 3, 2024 and recorded as document number 2024000150143 in the real property records of Collin County, Texas (the “PHLH Assignment”), including but not limited to the obligation to construct or acquire the northern two (2) lanes of Rosamond Parkway from Highway 75 to Standridge Parkway/Boulevard; (ii) all four (4) lanes of Standridge Parkway/Boulevard from the intersection with Rosamond Parkway adjacent to a portion of Phase 13 (as shown); (iii) Road E; (iv) the western two (2) lanes of Standridge Parkway/Boulevard adjacent to a portion of Phase 13 and a portion of Phase 14 (as shown); and (v) all of Road A and the roundabout (the “PHLH Standridge Boulevard Portion”) and the right to receive payment for the PHLH Standridge Boulevard Portion from the City PID Fee Account; and WHEREAS, pursuant to the Assignment, the Developer will construct the Eligible Infrastructure in accordance with the Development Agreement and the Church Tract Development Agreement; and WHEREAS, pursuant to that certain Partial Assignment of Development Rights dated as of December __, 2025 by and between the Developer and PHLH (the “PHLH Partial Assignment”), PHLH has assigned all of its right, title and interest in and to PHLH’s right to receive reimbursement from the City PID Fee Account and the PID Fee Contribution to the Developer; WHEREAS, as provided in the PHLH Partial Assignment, PHLH intends to seek reimbursement for the PHLH Standridge Portion from the proceeds of PID Bonds issued for the Project and not from the City PID Fee Account; WHEREAS, (i) the Development Agreement provides that in consideration of the Developer’s agreements to construct the Eligible Infrastructure, the City shall provide a grant to the Developer pursuant to Chapter 380 to reimburse the Developer for the costs of the Eligible Infrastructure in an amount up to the total Impact Fees collected from all of the Development Agreement Property except the Liberty 75 Property, such property described on the metes and bounds attached hereto on Exhibit A-1, and (ii) the Church Tract Development Agreement provides that the Impact Fees collected on the Church Tract Property (such property described on the metes and bounds attached hereto on Exhibit A-2 and referred to herein together with the property described on Exhibit A-1 as the “Property”) shall also be used to provide a grant to the Developer pursuant to Chapter 380 to reimburse the Developer for the costs of the Eligible Infrastructure in an amount up to the total Impact Fees collected on the Church Tract Property, to the extent that such costs are not reimbursed or otherwise funded by the PID Fee Contribution (collectively, the “Impact Fee Grant”); and 3 Liberty Hills Economic Development Agreement WHEREAS, in accordance with Article III, Chapter 52-a of the Texas Constitution and Chapter 380 of the Texas Local Government Code (“Chapter 380”), the City recognizes the positive impact that the Project will bring to the City, and that the Project will promote state and local economic development; stimulate business and commercial activity in the municipality; promote the development and diversification of the economy of the state; promote development and expansion of commerce in the state; and promote the elimination of unemployment or underemployment in the state; and WHEREAS, the Developer will provide a significant investment in both public and private infrastructure to support the Project; and WHEREAS, the City recognizes the positive economic impact that development of the Property will have through the production of new jobs, the stimulation of commercial activity, and the additional ad valorem and sales and use tax revenue generated by the development of the Property; and WHEREAS, the City hereby establishes this Agreement as a program in accordance with Chapter 380 under which the City has the authority to make grants of public funds for the purposes of promoting local economic development and stimulating business and commercial activity within the City. To ensure that the benefits the City provides under this Agreement in the form of grants pursuant to Chapter 380 are consistent with Article III, Section 52-a of the Texas Constitution and Chapter 380, the Developer has agreed that certain performance standards must be satisfied as a condition to receiving the grant described in this Agreement, and as a result, the incentives will serve a legitimate public purpose and provide a clear public benefit in return; and WHEREAS, the City Council of the City (the “City Council”) has determined that entering this Agreement is in the best interest of the City, and expects the Impact Fee Grant to result in a benefit to the community with increased jobs and tax revenue; and WHEREAS, the City Council has found that the Impact Fee Grant is for the public purposes of (a) developing and diversifying the economy of the state; (b) eliminating unemployment and underemployment in the state; (c) developing or expanding commerce in the state; and (d) promoting economic development within the state; and WHEREAS, the provisions of this Agreement ensure that a public purpose is satisfied, and that the City receives a benefit in return; and WHEREAS, the Parties have agreed for the Developer to undertake the development of the Property as set forth in the Development Agreements, and the Development Agreements and documents related to the Property contain controls to ensure the public purpose is accomplished; and NOW, THEREFORE, for and in consideration of the mutual covenants of the Parties set forth in this Agreement and for other good and valuable consideration the receipt and adequacy of which are acknowledged and agreed by the Parties, the Parties agree as follows: ARTICLE I THE DEVELOPMENT 4 Liberty Hills Economic Development Agreement 1.01 Uses in the Development. The Property has been or will be annexed into the City limits, and the development of the Property will be in accordance with the standards set forth in the Development Agreement, the Church Tract Development Agreement, and the Liberty Hills PD Ordinance, as applicable. ARTICLE II CITY PID FEE ACCOUNT; IMPACT FEE GRANT Section 2.01. PID Fee Contribution and City PID Fee Account. The PID Fee Contribution, which shall be equal to fifty percent (50%) of the City PID Fees relating to the Project collected by the City for each series of PID Bonds issued pursuant to the Development Agreement, shall be placed in a separate and identifiable interest-bearing account held by the City and not commingled with any other funds. Section 2.02 Use of Funds in the City PID Fee Account. Amounts on deposit in the City PID Fee Account shall be used to reimburse the Developer in an amount up to the actual cost to design and construct the Developer Standridge Boulevard Portion and the Mantua Parkway Road Improvements not reimbursed from the Impact Fee Grant (the “Maximum City PID Fee Reimbursement”); provided, that if all four lanes of Standridge Boulevard (which include the Developer Standridge Boulevard Portion) are not constructed on or before December 31, 2029 (the “Standridge Deadline”), then Developer shall forfeit entitlement to the PID Fee Contribution and all funds on deposit in the City PID Fee Account, and the City may retain and utilize same for any lawful purpose. Provided that the Standridge Deadline is met: (1) the PID Fee Contribution amount on deposit with the City shall be paid to Developer within thirty (30) days of Developer’s written request for same. Such written request shall indicate what amounts, if any, have been paid to the Developer for reimbursement of the Developer Standridge Boulevard Portion and the Mantua Parkway Road Improvements from the Impact Fee Grant. At such time as the Maximum City PID Fee Reimbursement has been paid to the Developer, the City may cease depositing PID Fee Contribution into the City PID Fee Account. Section 2.03 Impact Fee Collection and Liberty Hills Impact Fee Account. In accordance with the Development Agreement, Impact Fees shall be assessed and collected on the Property at the rates in effect at the time of submission of an application for a building permit. The City shall collect Impact Fees from all third-party permit applicants within the Property. Upon the payment of any Impact Fees related to the Property, the City shall sequester such Impact Fees into a separate account created by the City (the “Liberty Hills Impact Fee Account”). Section 2.04 Use of Funds in the Liberty Hills Impact Fee Account. The monies within the Liberty Hills Impact Fee Account shall be allocated to and dedicated solely for the payment of the Impact Fee Grant. In exchange for Developer satisfying its obligations to construct the Eligible Infrastructure pursuant to the Development Agreement, the City shall provide the Impact Fee Grant to the Developer in a total amount not to exceed the total costs of the Eligible Infrastructure, less any amounts paid to the Developer from the City PID Fee Account, plus interest calculated from the acceptance of each segment of Eligible Infrastructure calculated at 7% until such time that all costs of the Eligible Infrastructure have been repaid to the Developer (the “Maximum Grant Amount”). At such time as the Maximum Grant Amount has been paid to the Developer, the City 5 Liberty Hills Economic Development Agreement may cease depositing any Impact Fees collected on the Property into the Liberty Hills Impact Fee Account. Section 2.05 Reimbursement Limited to Actual Costs of Eligible Infrastructure. The Developer shall only receive reimbursement up to the actual costs of the Eligible Infrastructure (the “Actual Costs”), regardless of whether such amounts are paid from the City PID Fee Account or the Impact Fee Grant. Other than the interest payable as provided in Section 2.04, in no event shall the City be required to provide reimbursements or payments in an amount greater than such Actual Costs plus the interest payable as provided in Section 2.04, even if the total amount of City PID Fees and Impact Fees collected on the Property exceeds the Actual Costs and the interest payable as provided in Section 2.04. The Developer acknowledges that any initial lack of availability of funds in the City PID Fee Account or the Liberty Hills Impact Fee Account shall in no way diminish any obligation of the Developer to construct the Eligible Infrastructure in accordance with the Development Agreement. Section 2.06 Developer Chapter 380 Program Performance for the Impact Fee Grant. To be eligible to receive the Impact Fee Grant, the Developer shall perform the following Developer obligations (the “Developer Obligations”): (i) Construct any portion of the Eligible Infrastructure (including acquiring any right of way for the Eligible Infrastructure) per the terms of the Development Agreement; and (ii) File the Certification(s) for Payment evidencing the Actual Costs of the applicable Eligible Infrastructure. Section 2.07 Certifications for Payment; Requests for Payment. (a) To evidence the costs of any Eligible Infrastructure, the Developer shall submit a Certification for Payment in the form attached hereto as Exhibit C and provide any and all documentation satisfactory to the City Manager or City Engineer evidencing the Actual Costs of the Eligible Infrastructure or completed segment thereof. The Developer may file a Certification for Payment from time to time for any segment of Eligible Infrastructure. (b) To receive payment of funds from the Liberty Hills Impact Fee Account and the City PID Fee Account, the Developer shall submit a Request for Payment in the form attached hereto as Exhibit D. Such Request for Payment shall include (i) an accounting of the amounts previously paid to the Developer for the costs of the applicable Eligible Infrastructure from the Liberty Hills Impact Fee Account and the City PID Fee Account as of the date of such Request for Payment and (ii) a calculation of interest accrued on remaining costs of Eligible Infrastructure yet to be reimbursed. Section 2.08 City Payment Obligations for Impact Fee Grant. To the extent the Developer has provided a Certification for Payment evidencing the costs of any of the Eligible Infrastructure and a Request for Payment, the City shall make payments of the Impact Fee Grant to Developer within 30 days after receipt of a Request For Payment to the extent funds are available in the Liberty Hills Impact Fee Account. The City shall make payments of the Impact Fee Grant to Developer solely from funds available in the Liberty Hills Impact Fee Account. No payments 6 Liberty Hills Economic Development Agreement shall be made from the Liberty Hills Impact Fee Account for portions of the Eligible Infrastructure, if any, which have been reimbursed to the Developer from the City PID Fee Account. ARTICLE III DEFAULT Section 3.01. Default and Cure. If the Developer fails to comply with any of its performance obligations set forth under Section 2.06 of this Agreement, and if the Developer fails to cure such default within the cure period provided in this Agreement, the City shall notify the Developer of such default. The Developer shall be given a reasonable timeframe to remedy the default, to be not less than thirty (30) days, except in the event public safety is at risk. If such default can be remedied in the specified time frame and is not remedied within the specified timeframe, the City, until such default is remedied, shall only be obligated to pay the portion of the Impact Fee Grant that has been performed by the Developer up to and including the date of default. Upon the remedy of any default, the Developer shall be entitled to continue to receive payments from the City PID Fee Account and payments of the Impact Fee Grant, and the City shall make payment of any withheld payments from the City PID Fee Account and payments of the Impact Fee Grant that were withheld during the pendency of any uncured default. The foregoing remedies shall be the sole remedy for any defaults under this Agreement. ARTICLE IV MISCELLANEOUS PROVISIONS Section 4.01. Term. This Agreement shall be in force until all Impact Fees to be collected on the Property and City PID Fees to be collected on the Project have been collected, or until the Developer is reimbursed for all Actual Costs of the Eligible Infrastructure, including interest on such Actual Costs calculated as provided in Section 2.04, whichever event occurs first. Section 4.02 Recitals. The recitals contained in this Agreement: (a) are true and correct as of the Effective Date; (b) form the basis upon which the Parties negotiated and entered into this Agreement; and (c) reflect the final intent of the Parties with regard to the subject matter of this Agreement. In the event it becomes necessary to interpret any provision of this Agreement, the intent of the Parties, as evidenced by the recitals, shall be taken into consideration and, to the maximum extent possible, given full effect. The Parties have relied upon the recitals as part of the consideration for entering into this Agreement and, but for the intent of the Parties reflected by the recitals, would not have entered into this Agreement. Section 4.03 Successors and Assigns. All covenants and agreements contained in this Agreement shall bind its successors and assigns and shall inure to the benefit of the Developer and its successors and assigns. This Agreement and the right to monies available in the City PID Fee Account, Liberty Hills Impact Fee Account and the Impact Fee Grant set forth herein may be assigned, from time to time and in whole or in part, by the Developer to any person or entity and collaterally assigned to any lender. Such assignment must be in writing. A copy of the assignment shall be given to the City within thirty (30) days after such assignment; however, City consent to the assignment is not required. The City shall provide an acknowledgement of such assignment (which acknowledgement may be provided via e-mail) within five (5) days of delivery of notice 7 Liberty Hills Economic Development Agreement of such assignment. Any notice of such assignment may be delivered, and shall be deemed to be received, as provided in section 4.04 hereof. Upon any assignment of the duties under this Agreement and delivery of notice to the City, Developer shall be released from performing the duties or obligations that are assigned and that arise after the effective date of the assignment or the date that the City receives notice of the assignment, whichever later occurs; provided that, the Developer is not released from any liabilities that arose prior to the effective date or date of notice to the City, whichever later occurs, unless the City agrees. The Developer’s obligations under this Agreement are a personal obligation and do not constitute a covenant running with the land. The City may rely on any notice of assignment received from the Developer without obligation to investigate or confirm the validity of the assignment. The Developer waives all rights or claims against the City for any funds paid to a third party as a result of an assignment for which the City received notice. Section 4.04 Notices. Any notice, submittal, payment or instrument required or permitted by this Agreement to be given or delivered to any party shall be deemed to have been received (i) if delivered via a method other than e-mail, when delivered personally or upon the expiration of 72 hours following deposit of the same in any United States Post Office, registered or certified mail, postage prepaid or (ii) if delivered via e-mail, upon the earlier of receipt of a “delivery receipt” or on the next Business Day after being sent (as recorded on the device from which the sender sent the email) unless the sender receives an automated message that the email has not been delivered. Any such notice shall be addressed as follows: To the City: City of Anna, Texas Attn: City Manager 120 W. 7th Street Anna, Texas 75409 E-mail: mmarchand@annatexas.gov With a copy to: Wolfe, Tidwell & McCoy, LLP Attn: Clark McCoy 2591 Dallas Parkway, Suite 300 Frisco, Texas 75034 E-mail: cmccoy@wtmlaw.net To the Developer: VC Liberty Hills, LLC Attn: Kevin Lazares 3860 W Northwest Hwy, Suite 450 Dallas, Texas 75220 E-mail: klazares@veritascommunities.com 8 Liberty Hills Economic Development Agreement With copies to: Greenberg Traurig, LLP Attn: Drew Slone 2200 Ross Avenue, Suite 5200 Dallas, Texas 75201 E-mail: drew.slone@gtlaw.com Any Party may change its address or addresses for delivery of notice by delivering written notice of such change of address to the other Party. Section 4.05 Interpretation. The Parties acknowledge that each has been actively involved in negotiating this Agreement. Accordingly, the rule of construction that any ambiguities are to be resolved against the drafting Party will not apply to interpreting this Agreement. In the event of any dispute over the meaning or application of any provision of this Agreement, the provision will be interpreted fairly and reasonably and neither more strongly for nor against any Party, regardless of which Party originally drafted the provision. Section 4.06 Time. In this Agreement, time is of the essence and compliance with the times for performance herein is necessary and required. Section 4.07 Authority and Enforceability. The City represents and warrants that this Agreement has been approved by official action of the City Council in accordance with all applicable public notice requirements (including, but not limited to, notices required by the Texas Open Meetings Act) and that the individual executing this Agreement on behalf of the City has been and is duly authorized to do so. The Board represents and warrants that this Agreement has been approved by official action of the Board in accordance with all applicable public notice requirements (including, but not limited to, notices required by the Texas Open Meetings Act) and that the individual executing this Agreement on behalf of the Board has been and is duly authorized to do so. The Developer represents and warrants that this Agreement has been approved by appropriate action of the Developer, and that the individual executing this Agreement on behalf of the Developer has been and is duly authorized to do so. Each Party respectively acknowledges and agrees that this Agreement is binding upon such Party and is enforceable against such Party, in accordance with its terms and conditions and to the extent provided by law. Section 4.08 Severability. This Agreement shall not be modified or amended except in writing signed by the Parties. If any provision of this Agreement is determined by a court of competent jurisdiction to be unenforceable for any reason, then: (a) such unenforceable provision shall be deleted from this Agreement; (b) the unenforceable provision shall, to the extent possible and upon mutual agreement of the Parties, be rewritten to be enforceable and to give effect to the intent of the Parties; and (c) the remainder of this Agreement shall remain in full force and effect and shall be interpreted to give effect to the intent of the Parties. Section 4.09 Applicable Law; Venue. This Agreement is entered into pursuant to, and is to be construed and enforced in accordance with, the laws of the State of Texas, and all obligations of the Parties are performable in Collin County. Exclusive venue for any action related to, arising out of, or brought in connection with this Agreement shall be in the Collin County State District Court. Section 4.10 Non-Waiver. Any failure by a Party to insist upon strict performance by the other Party of any material provision of this Agreement shall not be deemed a waiver thereof, 9 Liberty Hills Economic Development Agreement and the Party shall have the right at any time thereafter to insist upon strict performance of any and all provisions of this Agreement. No provision of this Agreement may be waived except in writing signed by the Party waiving such provision. Any waiver shall be limited to the specific purposes for which it is given. No waiver by any Party of any term or condition of this Agreement shall be deemed or construed to be a waiver of any other term or condition or subsequent waiver of the same term or condition. Section 4.11 Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original and constitute one and the same instrument. Section 4.12 Complete Agreement. This Agreement embodies the entire Agreement between the Parties and cannot be varied or terminated except as set forth in this Agreement, or by written agreement of the City, the Board, and the Developer expressly amending the terms of this Agreement. Section 4.13 Consideration. This Agreement is executed by the Parties without coercion or duress and for substantial consideration, the sufficiency of which is hereby acknowledged. Section 4.14 Statutory Verifications. The Developer makes the following representations and covenants pursuant to Chapters 2252, 2271, 2274, and 2276, Texas Government Code, as heretofore amended (the “Government Code”), in entering into this Agreement. As used in such verifications, “affiliate” means an entity that controls, is controlled by, or is under common control with the Developer within the meaning of SEC Rule 405, 17 C.F.R. § 230.405, and exists to make a profit. Liability for breach of any such verification during the term of this Agreement shall survive until barred by the applicable statute of limitations, and shall not be liquidated or otherwise limited by any provision of this Agreement, notwithstanding anything in this Agreement to the contrary. a) Not a Sanctioned Company. The Developer represents that neither it nor any of its parent company, wholly- or majority-owned subsidiaries, and other affiliates is a company identified on a list prepared and maintained by the Texas Comptroller of Public Accounts under Section 2252.153 or Section 2270.0201, Government Code. The foregoing representation excludes the Developer and each of its parent company, wholly- or majority- owned subsidiaries, and other affiliates, if any, that the United States government has affirmatively declared to be excluded from its federal sanctions regime relating to Sudan or Iran or any federal sanctions regime relating to a foreign terrorist organization. b) No Boycott of Israel. The Developer hereby verifies that it and its parent company, wholly- or majority-owned subsidiaries, and other affiliates, if any, do not boycott Israel and will not boycott Israel during the term of this Agreement. As used in the foregoing verification, “boycott Israel” has the meaning provided in Section 2271.001, Government Code. c) No Discrimination Against Firearm Entities. The Developer hereby verifies that it and its parent company, wholly- or majority-owned subsidiaries, and other affiliates, if any, do not have a practice, policy, guidance, or directive that discriminates against a firearm entity or firearm trade association and will not discriminate against a firearm entity or firearm trade association during the term of this Agreement. As used in the foregoing verification, 10 Liberty Hills Economic Development Agreement “discriminate against a firearm entity or firearm trade association” has the meaning provided in Section 2274.001(3), Government Code. d) No Boycott of Energy Companies. The Developer hereby verifies that it and its parent company, wholly- or majority-owned subsidiaries, and other affiliates, if any, do not boycott energy companies and will not boycott energy companies during the term of this Agreement. As used in the foregoing verification, “boycott energy companies” has the meaning provided in Section 2276.001(1), Government Code. [SIGNATURES TO FOLLOW] S-1 Liberty Hills Economic Development Agreement EXECUTED BY THE PARTIES TO BE EFFECTIVE ON THE EFFECTIVE DATE: CITY OF ANNA, TEXAS By: ______________________________ Name: Pete Cain Title: Mayor ATTEST: By: ______________________________ Name: Carrie Land Title: City Secretary Liberty Hills Economic Development Agreement EXHIBIT A-1 METES AND BOUNDS DESCRIPTION OF DEVELOPMENT AGREEMENT PROPERTY Page 1 of 10 TRACT ONE 694.344 Acres SITUATED in the County of Collin, State of Texas, and being a part of the Henry Smith Survey, Abstract No. 822, the Zachariah Roberts Survey, Abstract No. 760, the John Batterton Survey, Abstract No. 94, the W.P. Burns Survey, Abstract No. 100, the J.C. Burge Survey, Abstract No. 106 and the Jonas Whitaker Survey, Abstract No. 981 and being a part of the 2,304.493 acre tract of land (Tract F) conveyed from Viola Lordsmeer, L.P. to Risland Mantua, LLC by Special Warranty Deed dated June 25, 2018 and recorded in Instrument No. 20180625000783630, Official Public Records, Collin County, Texas, and being more particularly described by metes and bounds as follows, to-wit: BEGINNING at a 1/2 inch rebar found in or near the centerline intersection of County Road 370, a public road, with County Road 368, a public road, in the South line of said Henry Smith Survey and the North line of the John Elliott Survey, Abstract No. 296, at the Northwest corner of the remainder of the 16.215 acre tract of land conveyed to Sheikh M. Alam, recorded in Volume 4335, Page 955, Deed Records, Collin County, Texas, and the most Southerly Southwest corner of both said Risland Mantua 2,304.493 ac. and the herein described tract; THENCE North 01 deg. 13 min. 07 sec. West, with the pavement of said County Road 368 and a West line of said Risland Mantua 2,304.493 ac., a distance of 2,021.14 ft. to a 1/2 inch rebar found at the most Easterly Northeast corner of Hurricane Creek Estates, an unrecorded Plat, and an Ell corner of both said Risland Mantua 2,304.493 ac. and the herein described tract; THENCE Westerly, with a North line of said Hurricane Creek Estates and a South line of said Risland Mantua 2,304.493 ac., the following calls and distances: 1. South 80 deg. 49 min. 43 sec. West, a distance of 212.73 ft. to a 5/8 inch rebar found at an angle point; 2. South 81 deg. 00 min. 36 sec. West, a distance of 212.18 ft. to a 5/8 inch rebar found at an 3. South 79 deg. 47 min. 15 sec. West, a distance of 215.41 ft. to a 5/8 inch rebar found at an angle point; 4. South 79 deg. 47 min. 48 sec. West, a distance of 211.76 ft. to a 1 inch pipe found at an angle point; 5. South 80 deg. 49 min. 08 sec. West, a distance of 220.15 ft. to a 5/8 inch rebar found at an Ell corner of said Hurricane Creek Estates, a Southwest corner of both said Risland Mantua 2,304.493 ac. and the herein described tract; THENCE Northerly, with an East line of said Hurricane Creek Estates and a West line of said Risland Mantua 2,304.493 ac., the following calls and distances: 1. North 00 deg. 47 min. 59 sec. West, a distance of 95.57 ft. to a 5/8 inch rebar found at an angle point; 2. North 00 deg. 53 min. 28 sec. East, a distance of 242.25 ft. to a 5/8 inch rebar found at an angle point; 3. North 01 deg. 07 min. 11 sec. East, a distance of 264.53 ft. to a 1/2 inch capped rebar set stamped “RPLS 6578” at an angle point; 4. North 01 deg. 48 min. 05 sec. East, a distance of 76.53 ft. to a 1/2 inch capped rebar set stamped “RPLS 6578” at an angle point; 5. North 02 deg. 27 min. 54 sec. East, a distance of 99.19 ft. to a 1/2 inch capped rebar set stamped “RPLS 6578” at the most Northerly Northeast corner of said Hurricane Creek Estates, at an Ell corner of both said Risland Mantua 2,304.493 ac. and the herein described tract; THENCE South 89 deg. 45 min. 34 sec. West, with a North line of said Hurricane Creek Estates and a South line of said Risland Mantua 2,304.493 ac., a distance of 51.65 ft. to a 1/2 inch capped rebar set stamped “RPLS 6578”at the most Southerly Southeast corner of the 179.55 ac. tract of land conveyed to Grayson-Collin Recreational Association, Inc. in Volume 705, Page 90, said Deed Records, at a Southwest corner of both said Risland Mantua 2,304.493 ac. and the herein described tract; Page 2 of 10 THENCE Northerly, with an East line of said Grayson-Collin Recreational Association 179.55 ac. and a West line of said Risland Mantua 2,304.493 ac., the following calls and distances: 1. North 17 deg. 52 min. 19 sec. East, a distance of 782.45 ft. to a 42 inch Elm tree at an angle point; 2. North 22 deg. 57 min. 03 sec. East, a distance of 424.80 ft. to a 1 inch pipe found at an angle point; 3. North 22 deg. 16 min. 10 sec. West, a distance of 763.52 ft. to a 1/2 inch capped rebar set, stamped “RPLS 6578” at an angle point; 4. North 12 deg. 31 min. 05 sec. West, a distance of 690.34 ft. to a 1 inch pipe found at an angle point; 5. North 35 deg. 44 min. 24 sec. East, a distance of 668.76 ft. to a 1/2 inch rebar found at an angle point; 6. North 03 deg. 14 min. 16 sec. East, a distance of 279.04 ft. to a 1/2 inch rebar found at the most Westerly Southwest corner of the 7.493 ac. tract of land conveyed to Grayson-Collin Recreational Association, Inc. in Volume 738, Page 342, said Deed Records, at an angle point; THENCE Southeasterly, with the Southwest line of said Grayson-Collin Recreational Association 7.493 ac. and a Northeast line of said Risland Mantua 2,304.493 ac., the following calls and distances: 1. South 60 deg. 30 min. 30 sec. East, a distance of 753.00 ft. to a 1 inch pipe found at an angle point; 2. South 38 deg. 05 min. 22 sec. East, a distance of 416.65 ft. to a 1/2 inch rebar found at an angle point; 3. South 20 deg. 05 min. 14 sec. East, a distance of 393.25 ft. to a 1 inch pipe found at the most Southerly Southwest corner of said Grayson-Collin Recreational Association 7.493., at an Ell corner of both said Risland Mantua 2,304.493 ac. and the herein described tract; THENCE North 64 deg. 28 min. 26 sec. East, with the South line of said Grayson-Collin Recreational Association 7.493 ac. and a North line of said Risland Mantua 2,304.493 ac., a distance of 48.14 ft. to a 1/2 inch rebar found at an angle point; THENCE North 71 deg. 32 min. 49 sec. East, continuing with the South line of said Grayson- Collin Recreational Association 7.493 ac. and a North line of said Risland Mantua 2,304.493 ac., a distance of 175.44 ft. to a 1/2 inch capped rebar set, stamped “RPLS 6578” at the Southeast corner of said Grayson Collin Recreational Association 7.493 ac., the most Easterly Southeast corner of said Grayson- Collin Recreational Association 179.55 ac. and an angle point of both said Risland Mantua 2,304.493 ac. and the herein described tract; THENCE Easterly, Northerly, then Northwesterly, along the common property line of both said Grayson-Collin Recreational Association 179.55 ac. and Risland Mantua 2,304.493 ac., the following calls and distances: 1. North 68 deg. 39 min. 59 sec. East, a distance of 279.42 ft. to a 1/2 inch rebar found at an angle point; 2. North 16 deg. 00 min. 07 sec. East, a distance of 631.15 ft. to a 1/2 inch rebar found at an angle point; 3. North 43 deg. 56 min. 13 sec. West, a distance of 1,122.16 ft. to a 1/2 inch capped rebar set stamped “RPLS 6578” at an angle point; 4. North 66 deg. 25 min. 20 sec. West, a distance of 1,304.43 ft. to a 1/2 inch capped rebar set stamped “RPLS at the most Northerly corner of said Grayson-Collin Recreational Association 179.55 ac. and an angle point of both said Risland Mantua 2,304.493 ac. and the herein described tract; THENCE South 31 deg. 00 min. 14 sec. West, with the West line of said Grayson-Collin Recreational Association 179.55 ac. and an East line of said Risland Mantua 2,304.493 ac., a distance of 345.00 ft. to Page 3 of 10 a point in the East bank of a pond, at an angle point; THENCE Southwesterly, with the East bank of a pond, along the West line of said Grayson-Collin Recreational Association 179.55 ac. and an East line of said Risland Mantua 2,304.493 the following calls and distances: 1. South 65 deg. 09 min. 26 sec. West, a distance of 350.00 ft.; 2. South 59 deg. 44 min. 48 sec. West, a distance of 390.00 ft.; 3. South 32 deg. 52 min. 18 sec. East, a distance of 100.00 ft.; 4. South 40 deg. 29 min. 25 sec. West, a distance of 55.00 ft.; 5. North 59 deg. 49 min. 47 sec. West, a distance of 150.00 ft.; 6. South 89 deg. 36 min. 28 sec. West, a distance of 190.00 ft.; 7. South 25 deg. 45 min. 05 sec. West, a distance of 190.00 ft.; 8. South 31 deg. 50 min. 15 sec. West, a distance of 265.00 ft.; 9. South 16 deg. 52 min. 45 sec. West, a distance of 500.00 ft.; 10. South 81 deg. 20 min. 55 sec. East, a distance of 205.00 ft.; 11. South 25 deg. 08 min. 27 sec. East, a distance of 200.00 ft.; 12. South 06 deg. 15 min. 31 sec. East, a distance of 85.00 ft.; 13. South 24 deg. 28 min. 32 sec. West, a distance of 150.00 ft.; 14. South 20 deg. 37 min. 55 sec. West, a distance of 205.00 ft.; 15. South 09 deg. 56 min. 57 sec. East, a distance of 120.00 ft.; 16. North 64 deg. 36 min. 06 sec. West, a distance of 115.00 ft.; 17. South 19 deg. 23 min. 16 sec. East, a distance of 200.00 ft.; 18. South 37 deg. 19 min. 08 sec. West, a distance of 70.00 ft.; 19. South 60 deg. 56 min. 07 sec. West, a distance of 110.00 ft.; 20. South 29 deg. 09 min. 31 sec. West, a distance of 250.00 ft.; 21. South 17 deg. 58 min. 21 sec. West, a distance of 290.00 ft.; THENCE South 86 deg. 05 min. 16 sec. West, with the South bank of a pond, along a North line of said Grayson-Collin Recreational Association 179.55 ac. and a South line of said Risland Mantua 2,304.493 ac., a distance of 165.01 ft. to a point in line with a creek to the South; THENCE Southerly, with the center of a creek, the West line of said Grayson-Collin Recreational Association 179.55 ac. and an East line of said Risland Mantua 2,304.493 ac., the following calls and distances: 1. South 02 deg. 18 min. 45 sec. West, a distance of 180.00 ft.; 2. South 07 deg. 21 min. 55 sec. East, a distance of 142.55 ft.; 3. South 20 deg. 21 min. 46 sec. West, a distance of 68.44 ft.; 4. South 37 deg. 03 min. 53 sec. West, a distance of 61.49 ft.; 5. South 64 deg. 30 min. 25 sec. West, a distance of 68.25 ft.; 6. South 21 deg. 56 min. 56 sec. West, a distance of 127.43 ft.; 7. South 10 deg. 33 min. 50 sec. East, a distance of 186.00 ft.; 8. South 23 deg. 42 min. 08 sec. East, a distance of 180.15 ft.; 9. South 29 deg. 18 min. 26 sec. East, a distance of 118.28 ft.; 10. South 50 deg. 34 min. 40 sec. West, a distance of 65.47 ft.; 11. South 35 deg. 56 min. 57 sec. West, a distance of 74.91 ft.; 12. South 51 deg. 20 min. 01 sec. West, a distance of 137.86 ft.; 13. South 30 deg. 41 min. 01 sec. West, a distance of 59.61 ft.; 14. South 01 deg. 39 min. 28 sec. West, a distance of 48.43 ft.; 15. South 15 deg. 38 min. 49 sec. West, a distance of 59.78 ft.; 16. South 32 deg. 29 min. 33 sec. West, a distance of 70.38 ft.; 17. South 18 deg. 00 min. 15 sec. West, a distance of 87.06 ft.; 18. South 33 deg. 07 min. 26 sec. West, a distance of 87.26 ft. to a point at the Southwest corner of said Grayson-Collin Recreational Association 179.55 ac., at an Ell corner of both said Risland Mantua 2,304.493 ac. and the herein described tract; THENCE North 80 deg. 55 min. 18 sec. East, with the South line of said Grayson-Collin Recreational Association 179.55 ac. and a North line of said Risland Mantua 2,304.493 ac., passing a 1/2 inch capped rebar set, stamped “RPLS 6578” (for witness) at 104.23 ft. and continuing on said course for a TOTAL Page 4 of 10 distance of 898.20 ft. to a 1/2 inch capped rebar set stamped “RPLS 6578” at the Northwest corner of said Hurricane Creek Estates and the most Southerly Northeast corner of both said Risland Mantua 2,304.493 ac. and the herein described tract; THENCE Southerly, with the West line of said Hurricane Creek Estates and an East line of said Risland Mantua 2,304.493 ac., the following calls and distances: 1. South 01 deg. 30 min. 49 sec. East, a distance of 234.97 ft. to a 1/2 inch capped rebar set stamped “RPLS 6578” at an angle point; 2. South 01 deg. 40 min. 21 sec. East, a distance of 100.03 ft. to a 5/8 inch rebar found at an angle point; 3. South 01 deg. 26 min. 53 sec. East, a distance of 230.25 ft. to a 5/8 inch rebar found at an angle point; 4. South 02 deg. 34 min. 04 sec. East, a distance of 240.01 ft. to a 5/8 inch rebar found at an angle point; 5. South 02 deg. 31 min. 27 sec. East, a distance of 193.14 ft. to a 1/2 inch capped rebar found at the Northeast corner of the 59.73 ac. tract of land conveyed to MM Anna 325, LLC, recorded in Instrument No. 2019041100386110, said Official Public Records, at a Southeast corner of both said Risland Mantua 2,304.493 ac. and the herein described tract; THENCE South 89 deg. 01 min. 06 sec. West, with the general course of a wire fence maintaining the North line of said MM Anna 325 59.73 ac. and a South line of said Risland Mantua 2,304.493 ac., passing a 1/2 inch capped rebar found (for Witness) at the end of said fence at 938.20 ft. and continuing on said course for a TOTAL distance of 1,215.59 ft. to a point in the center of a creek, in the East line of the 48.900 ac. tract of land conveyed to Donna Gail Peeler in Volume 4972, Page 5535, said Deed Records, at the Northwest corner of said MM Anna 325 59.73 ac., at a Southwest corner of both said Risland Mantua 2,304.493 ac. and the herein described tract; THENCE Northwesterly, with the center of a creek, the East line of said Peeler 48.900 ac. and the 52.77 ac. tract of land conveyed to Janis Real Estate, recorded in Instrument No. 20220420000632060, said Official Public Records and a West line of said Risland Mantua 2,304.493 ac., the following calls and distances: 1. North 34 deg. 56 min. 42 sec. East, a distance of 103.29 ft.; 2. North 25 deg. 27 min. 55 sec. East, a distance of 87.41 ft.; 3. North 14 deg. 15 min. 11 sec. West, a distance of 109.46 ft.; 4. North 09 deg. 26 min. 32 sec. East, a distance of 44.80 ft.; 5. North 25 deg. 25 min. 55 sec. East, a distance of 68.17 ft.; 6. North 10 deg. 58 min. 09 sec. East, a distance of 44.27 ft.; 7. North 48 deg. 07 min. 28 sec. East, a distance of 65.89 ft.; 8. North 76 deg. 04 min. 15 sec. East, a distance of 77.19 ft.; 9. North 05 deg. 59 min. 38 sec. East, a distance of 80.43 ft.; 10. North 16 deg. 36 min. 05 sec. West, a distance of 25.15 ft.; 11. North 55 deg. 07 min. 32 sec. West, a distance of 46.80 ft.; 12. North 72 deg. 50 min. 00 sec. West, a distance of 123.19 ft.; 13. South 81 deg. 44 min. 01 sec. West, a distance of 41.34 ft.; 14. North 70 deg. 40 min. 03 sec. West, a distance of 39.93 ft.; 15. North 18 deg. 54 min. 48 sec. West, a distance of 46.24 ft.; 16. North 30 deg. 12 min. 42 sec. East, a distance of 86.17 ft.; 17. North 55 deg. 20 min. 43 sec. West, a distance of 26.95 ft.; 18. North 83 deg. 50 min. 31 sec. West, a distance of 22.50 ft.; 19. South 68 deg. 54 min. 13 sec. West, a distance of 27.87 ft.; 20. North 22 deg. 54 min. 12 sec. West, a distance of 86.02 ft.; 21. North 26 deg. 45 min. 33 sec. East, a distance of 14.91 ft.; 22. North 50 deg. 40 min. 12 sec. East, a distance of 42.50 ft.; 23. North 10 deg. 24 min. 46 sec. West, a distance of 17.30 ft.; 24. North 72 deg. 20 min. 36 sec. West, a distance of 44.01 ft.; 25. North 44 deg. 49 min. 18 sec. West, a distance of 31.13 ft.; 26. North 87 deg. 03 min. 39 sec. West, a distance of 12.89 ft.; 27. South 64 deg. 02 min. 23 sec. West, a distance of 41.90 ft.; 28. North 86 deg. 18 min. 51 sec. West, a distance of 19.60 ft.; Page 5 of 10 29. North 13 deg. 04 min. 46 sec. West, a distance of 18.21 ft.; 30. North 53 deg. 06 min. 48 sec. East, a distance of 15.77 ft.; 31. North 77 deg. 43 min. 43 sec. East, a distance of 16.69 ft.; 32. North 43 deg. 03 min. 46 sec. East, a distance of 28.01 ft.; 33. North 17 deg. 12 min. 14 sec. West, a distance of 18.36 ft.; 34. North 71 deg. 22 min. 19 sec. West, a distance of 21.59 ft.; 35. North 22 deg. 14 min. 44 sec. East, a distance of 25.85 ft.; 36. North 81 deg. 00 min. 45 sec. East, a distance of 25.03 ft.; 37. North 20 deg. 24 min. 50 sec. East, a distance of 33.04 ft.; 38. North 27 deg. 26 min. 38 sec. West, a distance of 22.31 ft.; 39. North 83 deg. 06 min. 16 sec. West, a distance of 148.69 ft.; 40. North 25 deg. 25 min. 26 sec. West, a distance of 47.53 ft.; 41. North 67 deg. 01 min. 29 sec. West, a distance of 30.30 ft.; 42. North 84 deg. 50 min. 03 sec. West, a distance of 47.00 ft.; 43. North 74 deg. 58 min. 05 sec. West, a distance of 33.79 ft.; 44. South 76 deg. 58 min. 39 sec. West, a distance of 33.35 ft.; 45. North 35 deg. 23 min. 19 sec. West, a distance of 27.57 ft.; 46. North 11 deg. 56 min. 26 sec. West, a distance of 54.69 ft.; 47. North 43 deg. 24 min. 18 sec. West, a distance of 52.00 ft.; 48. South 55 deg. 10 min. 00 sec. West, a distance of 27.34 ft.; 49. South 78 deg. 02 min. 05 sec. West, a distance of 27.52 ft.; 50. North 67 deg. 40 min. 27 sec. West, a distance of 74.72 ft.; 51. North 74 deg. 50 min. 18 sec. West, a distance of 51.31 ft.; 52. North 61 deg. 04 min. 09 sec. West, a distance of 43.45 ft.; 53. North 41 deg. 31 min. 56 sec. West, a distance of 71.57 ft.; 54. North 26 deg. 20 min. 00 sec. West, a distance of 52.30 ft.; 55. North 48 deg. 41 min. 18 sec. West, a distance of 61.74 ft.; 56. North 78 deg. 02 min. 53 sec. West, a distance of 43.15 ft.; 57. North 45 deg. 16 min. 16 sec. West, a distance of 161.73 ft.; 58. South 70 deg. 57 min. 23 sec. West, a distance of 52.72 ft.; 59. South 61 deg. 06 min. 37 sec. West, a distance of 35.06 ft.; 60. South 72 deg. 45 min. 56 sec. West, a distance of 40.53 ft.; 61. South 87 deg. 34 min. 10 sec. West, a distance of 28.77 ft.; 62. North 67 deg. 42 min. 02 sec. West, a distance of 33.33 ft.; 63. North 23 deg. 39 min. 03 sec. West, a distance of 52.95 ft.; 64. South 89 deg. 23 min. 21 sec. West, a distance of 70.36 ft.; 65. North 74 deg. 15 min. 03 sec. West, a distance of 25.54 ft.; 66. North 51 deg. 05 min. 09 sec. West, a distance of 29.41 ft.; 67. North 20 deg. 44 min. 38 sec. East, a distance of 41.42 ft.; 68. North 31 deg. 24 min. 12 sec. West, a distance of 45.13 ft.; 69. South 77 deg. 29 min. 33 sec. West, a distance of 63.04 ft.; 70. North 33 deg. 59 min. 18 sec. West, a distance of 11.78 ft. to a point at the Northeast corner of said Janis Real Estate 52.77 ac., at an Ell corner of both said Risland Mantua 2,304.493 ac. and the herein described tract; THENCE South 88 deg. 29 min. 46 sec. West, with the North line of said Janis Real Estate 52.77 ac. and a South line of said Risland Mantua 2,304.493 ac., passing a 1/2 inch rebar found (for witness) at 1,917.45 ft. and continuing on said course for a TOTAL distance of 1,940.65 ft. to a 1/2 inch rebar found in the pavement of County Road 290, a public road, in an East line of both the 103.991 ac. tract of land conveyed to Mohammad Ali Manouchehripour in Volume 5200, Page 5012, said Official Public Records and the Joseph Britton Survey, Abstract No. 72 and the West line of said Zachariah Roberts Survey, at the Northwest corner of said Janis Real Estate 52.77 ac., at the most Westerly Southwest corner of both said Risland Mantua 2,304.493 ac. and the herein described tract; THENCE North 01 deg. 12 min. 42 sec. West, with the pavement of said County Road 290, an East line of both said Manouchehripour 103.991 ac. and the Thornton Family Trust “called” 103 acre tract of land conveyed in Instrument No. 2021043000877560, said Official Public Records and the East line of said Joseph Britton Survey and a West line of both said Zacharia Roberts Survey and Risland Mantua 2,304.493 ac. passing the Northeast corner of said Manouchehripour 103.991 ac. and continuing on said course for a distance of 1,130.77 ft. to a PK nail set at the Southwest corner of the 10.669 ac. tract of land conveyed to Delmore A. M. Church and Joyce Church in Volume 702, Page 585, said Deed Records, at a Page 6 of 10 Northwest corner of said Risland Mantua 2,304.493 ac. and the most Western Northwest corner of the herein described tract; THENCE South 88 deg. 26 min. 45 sec. East, with a South line of said Church 10.669 ac. and a North line of said Risland Mantua 2,304.493 ac., passing a 1/2 inch rebar found (for witness) at 27.59 ft. and continuing for a TOTAL distance of 353.22 ft. to a 1/2 inch capped rebar set, stamped “RPLS 6578” at the most Southerly Southeast corner of said Church 10.669 ac. and an Ell corner of both said Mantua 2,304.493 ac. and the herein described tract; THENCE North 01 deg. 36 min. 46 sec. West, with an East line of said Church 10.669 ac. and a West line of said Risland Mantua 2,304.493 ac., a distance of 628.19 ft. to a 1/2 inch capped rebar set, stamped “RPLS 6578” at an Ell corner of said Church 10.669 ac., at a Northwest corner of both said Risland Mantua 2,304.493 ac. and the herein described tract; THENCE North 86 deg. 35 min. 25 sec. East, with a South line of said Church 10.669 ac. and a North line of said Risland Mantua 2,304.493 ac., a distance of 587.02 ft. to a 12 inch wood corner post at the most Easterly Southeast corner of said Church 10.669 ac., at an Ell corner of both said Risland Mantua 2,304.493 ac. and the herein described tract; THENCE North 01 deg. 14 min. 35 sec. West, with an East line of said Church 10.669 ac. and a West line of said Risland Mantua 2,304.493 ac., a distance of 251.70 ft. to a 1/2 inch rebar found in the center of said County Road 290, in the North line of said Zachariah Roberts Survey and the South line of said John Batterton survey, at the Northeast corner of said Church 10.669 ac. and an Ell corner of said Risland Mantua 2,304.493 ac., at a Northwest corner of the herein described tract; THENCE North 89 deg. 18 min. 25 sec. East, along or near the center of said County Road 290, over and across Risland Mantua 2,304.493 ac., with the North line of said Zachariah Roberts Survey and the South line of said John Batterton Survey, passing the Southeast edge of pavement of said County Road 290, and continuing on said course for a distance of 797.98 ft. to a 1/2 inch rebar found at an Ell corner of the herein described tract; THENCE North 00 deg. 49 min. 03 sec. West, continuing over and across said Risland Mantua 2,304.493 ac., passing the Southeast edge and re-entering the pavement of said County Road 290, continuing on said course along or near the center of said road, passing the Northwest edge of pavement of said road, and continuing on said course for a distance of 1,687.21 ft. to a 1/2 inch capped rebar set, stamped “RPLS 6578” at the most Northern Northwest corner of the herein described tract; THENCE North 88 deg. 20 min. 33 sec. East, continuing over and across said Risland Mantua 2,304.493 ac., passing the Northwest edge and re-entering the pavement of said County Road 290, and continuing on said course along or near the center of said County Road 290 for a distance of 772.49 ft. to a 1/2 inch rebar found in the West line of the 18.632 ac. tract of land conveyed to Mohammed Rehman, recorded in Instrument No. 20210322000563200, said Official Public Records, in an East line of said Risland Mantua 2,304.493 ac., in the West line of said W.P. Burns Survey and the East line of said John Batterton Survey, at a Northeast corner of the herein described tract; THENCE South 00 deg. 54 min. 38 sec. East, with the West line of both said Rehman 18.632 ac. and W.P. Burns Survey and the East line of both said Risland Mantua 2,304.493 ac. and John Batterton Survey, a distance of 191.05 ft. to a 1/2 inch rebar found in the center of a draw, at the Southwest corner of said Rehman 18.632 ac. and an Ell corner of the herein described tract; THENCE Southeasterly, with the center of a draw and creek, with the South line of said Rehman 18.632 ac. and the West line of Lots 1 and 3 of Triple I Ranch Addition to the Collin County, Texas, recorded in Instrument No. 2003-0183169, Map Records, Collin County, Texas, and the North and East lines of said Risland Mantua 2,304.493 ac., the following calls and distances: 1. South 85 deg. 33 min. 48 sec. East, a distance of 38.17 ft.; 2. South 56 deg. 34 min. 17 sec. East, a distance of 114.66 ft.; 3. South 73 deg. 39 min. 14 sec. East, a distance of 29.10 ft.; 4. North 80 deg. 55 min. 30 sec. East, a distance of 49.80 ft.; 5. North 84 deg. 10 min. 17 sec. East, a distance of 35.20 ft.; 6. South 71 deg. 30 min. 51 sec. East, a distance of 6.41 ft.; 7. South 23 deg. 37 min. 31 sec. East, a distance of 11.94 ft.; Page 7 of 10 8. South 48 deg. 57 min. 54 sec. East, a distance of 22.31 ft.; 9. South 78 deg. 22 min. 44 sec. East, a distance of 11.77 ft.; 10. South 44 deg. 57 min. 16 sec. East, a distance of 23.99 ft.; 11. South 72 deg. 03 min. 20 sec. East, a distance of 36.45 ft.; 12. North 83 deg. 45 min. 09 sec. East, a distance of 60.49 ft.; 13. South 45 deg. 51 min. 25 sec. East, a distance of 42.03 ft.; 14. South 88 deg. 20 min. 49 sec. East, a distance of 17.06 ft.; 15. South 70 deg. 55 min. 50 sec. East, a distance of 17.71 ft.; 16. North 79 deg. 53 min. 05 sec. East, a distance of 13.68 ft.; 17. North 62 deg. 26 min. 21 sec. East, a distance of 46.40 ft.; 18. North 43 deg. 42 min. 20 sec. East, a distance of 14.49 ft.; 19. North 13 deg. 18 min. 36 sec. East, a distance of 11.48 ft.; 20. North 82 deg. 07 min. 05 sec. East, a distance of 10.03 ft.; 21. South 86 deg. 09 min. 24 sec. East, a distance of 11.23 ft.; 22. South 49 deg. 44 min. 51 sec. East, a distance of 13.10 ft.; 23. South 70 deg. 30 min. 13 sec. East, a distance of 13.52 ft.; 24. South 84 deg. 22 min. 03 sec. East, a distance of 23.33 ft.; 25. South 35 deg. 35 min. 31 sec. East, a distance of 20.91 ft.; 26. South 84 deg. 29 min. 02 sec. East, a distance of 15.59 ft.; 27. South 51 deg. 00 min. 33 sec. East, a distance of 27.17 ft.; 28. South 78 deg. 25 min. 01 sec. East, a distance of 15.92 ft.; 29. North 58 deg. 51 min. 30 sec. East, a distance of 16.62 ft.; 30. South 49 deg. 41 min. 08 sec. East, a distance of 32.18 ft.; 31. South 29 deg. 08 min. 01 sec. East, a distance of 14.80 ft.; 32. South 05 deg. 40 min. 16 sec. East, a distance of 30.35 ft.; 33. South 51 deg. 27 min. 12 sec. East, a distance of 16.84 ft.; 34. North 55 deg. 07 min. 54 sec. East, a distance of 35.31 ft.; 35. North 89 deg. 52 min. 19 sec. East, a distance of 29.08 ft.; 36. South 31 deg. 29 min. 55 sec. East, a distance of 19.97 ft.; 37. South 47 deg. 09 min. 08 sec. East, a distance of 27.66 ft.; 38. South 18 deg. 55 min. 35 sec. East, a distance of 20.76 ft.; 39. South 63 deg. 16 min. 02 sec. East, a distance of 9.33 ft.; 40. North 87 deg. 41 min. 54 sec. East, a distance of 12.80 ft.; 41. North 49 deg. 59 min. 39 sec. East, a distance of 43.53 ft.; 42. North 77 deg. 10 min. 32 sec. East, a distance of 43.67 ft.; 43. South 57 deg. 38 min. 18 sec. East, a distance of 10.00 ft.; 44. South 05 deg. 42 min. 20 sec. East, a distance of 16.81 ft.; 45. South 42 deg. 16 min. 02 sec. East, a distance of 18.23 ft. at the centerline intersection of draw and creek; 46. South 06 deg. 44 min. 28 sec. West, a distance of 37.06 ft. 47. South 38 deg. 50 min. 25 sec. East, a distance of 22.72 ft.; 48. North 57 deg. 28 min. 10 sec. East, a distance of 27.21 ft.; 49. South 50 deg. 28 min. 32 sec. East, a distance of 39.42 ft.; 50. South 16 deg. 41 min. 39 sec. West, a distance of 23.29 ft.; 51. South 23 deg. 04 min. 58 sec. East, a distance of 57.84 ft.; 52. South 49 deg. 49 min. 02 sec. West, a distance of 11.63 ft.; 53. North 64 deg. 30 min. 49 sec. West, a distance of 30.50 ft.; 54. South 50 deg. 42 min. 11 sec. West, a distance of 13.78 ft.; 55. South 15 deg. 45 min. 26 sec. East, a distance of 89.36 ft.; 56. South 10 deg. 53 min. 35 sec. West, a distance of 43.60 ft.; 57. South 12 deg. 28 min. 08 sec. East, a distance of 31.05 ft.; 58. South 88 deg. 00 min. 34 sec. West, a distance of 34.12 ft.; 59. South 56 deg. 01 min. 46 sec. West, a distance of 51.74 ft.; 60. North 84 deg. 06 min. 45 sec. West, a distance of 43.29 ft.; 61. South 16 deg. 45 min. 37 sec. West, a distance of 21.78 ft.; 62. South 18 deg. 30 min. 22 sec. East, a distance of 15.05 ft.; 63. South 70 deg. 51 min. 54 sec. East, a distance of 17.06 ft.; 64. North 77 deg. 40 min. 40 sec. East, a distance of 15.14 ft.; 65. South 63 deg. 09 min. 50 sec. East, a distance of 20.43 ft.; 66. South 27 deg. 41 min. 10 sec. East, a distance of 19.98 ft.; 67. South 31 deg. 30 min. 58 sec. West, a distance of 9.86 ft.; 68. South 83 deg. 47 min. 46 sec. West, a distance of 51.58 ft.; Page 8 of 10 69. South 38 deg. 54 min. 19 sec. East, a distance of 29.87 ft.; 70. South 07 deg. 53 min. 15 sec. West, a distance of 13.82 ft.; 71. North 65 deg. 47 min. 39 sec. West, a distance of 19.26 ft.; 72. North 78 deg. 08 min. 54 sec. West, a distance of 76.63 ft.; 73. South 08 deg. 27 min. 48 sec. East, a distance of 53.59 ft.; 74. South 20 deg. 42 min. 26 sec. West, a distance of 26.91 ft.; 75. South 25 deg. 09 min. 45 sec. East, a distance of 31.09 ft.; 76. South 00 deg. 12 min. 02 sec. West, a distance of 31.14 ft.; 77. South 71 deg. 20 min. 53 sec. East, a distance of 29.06 ft.; 78. South 18 deg. 54 min. 03 sec. East, a distance of 13.15 ft.; 79. South 32 deg. 18 min. 04 sec. West, a distance of 25.49 ft.; 80. South 72 deg. 43 min. 07 sec. West, a distance of 15.31 ft.; 81. North 64 deg. 42 min. 33 sec. West, a distance of 23.37 ft.; 82. South 63 deg. 34 min. 24 sec. West, a distance of 18.33 ft.; 83. South 10 deg. 14 min. 08 sec. West, a distance of 43.90 ft.; 84. South 26 deg. 13 min. 56 sec. West, a distance of 34.33 ft.; 85. South 27 deg. 13 min. 02 sec. East, a distance of 20.15 ft.; 86. South 49 deg. 22 min. 10 sec. East, a distance of 24.64 ft.; 87. North 69 deg. 07 min. 38 sec. East, a distance of 21.11 ft.; 88. North 32 deg. 40 min. 48 sec. East, a distance of 40.78 ft.; 89. North 52 deg. 43 min. 43 sec. East, a distance of 44.54 ft.; 90. South 79 deg. 02 min. 31 sec. East, a distance of 17.91 ft.; 91. South 25 deg. 14 min. 13 sec. East, a distance of 10.50 ft.; 92. South 36 deg. 33 min. 49 sec. West, a distance of 45.96 ft.; 93. South 18 deg. 38 min. 57 sec. East, a distance of 60.30 ft.; 94. South 23 deg. 11 min. 17 sec. West, a distance of 22.34 ft.; 95. South 12 deg. 06 min. 39 sec. East, a distance of 59.69 ft.; 96. South 10 deg. 53 min. 13 sec. West, a distance of 48.67 ft.; 97. South 18 deg. 15 min. 42 sec. East, a distance of 38.78 ft.; 98. South 49 deg. 42 min. 55 sec. West, a distance of 38.39 ft.; 99. South 12 deg. 09 min. 41 sec. West, a distance of 41.04 ft.; 100. South 18 deg. 18 min. 43 sec. East, a distance of 46.98 ft.; 101. South 36 deg. 12 min. 31 sec. East, a distance of 41.45 ft.; 102. South 04 deg. 18 min. 51 sec. West, a distance of 40.66 ft.; 103. South 17 deg. 20 min. 59 sec. East, a distance of 18.23 ft.; 104. South 71 deg. 38 min. 45 sec. East, a distance of 27.15 ft.; 105. South 42 deg. 57 min. 19 sec. East, a distance of 11.61 ft.; 106. South 44 deg. 03 min. 41 sec. West, a distance of 29.44 ft.; 107. South 59 deg. 56 min. 34 sec. West, a distance of 26.44 ft.; 108. South 47 deg. 10 min. 58 sec. West, a distance of 23.76 ft.; 109. South 31 deg. 19 min. 02 sec. West, a distance of 37.17 ft.; 110. South 01 deg. 44 min. 52 sec. West, a distance of 35.97 ft. to a point at the Southwest corner of said Lot 1 and an Ell corner of both said Risland Mantua 2,304.493 ac. and the herein described tract; THENCE North 87 deg. 26 min. 24 sec. East, with the South line of said Lot 1 and a North line of said Risland Mantua 2,304.493 ac., passing a 1/2 inch capped rebar set, stamped “RPLS 6578” (for witness) at 853.90 ft., and continuing on said course for a TOTAL distance of 953.68 ft. to a point in the West bank of pond, at the Southeast corner of said Lot 1 and an Ell corner of both said Risland Mantua 2,304.493 ac. and the herein described tract; THENCE Northerly and Northeasterly, with the West bank of pond, an East line of said Lot 1, the East line of the 27.745 ac. tract of land conveyed to M&T Holding Company, LLC, recorded in Instrument No. 20141105001213360, said Official Public Records, the South and East lines of the 16.952 ac. (Tract 1) tract of land conveyed to MJLA Adams, Ltd., recorded in Instrument No. 20110505000462580, said Official Public Records, and the North and West lines of said Risland Mantua 2,304.493 ac., the following calls and distances: 1. North 03 deg. 01 min. 38 sec. West, a distance of 565.00 ft.; 2. North 33 deg. 47 min. 24 sec. East, a distance of 475.00 ft.; 3. North 42 deg. 00 min. 46 sec. East, a distance of 350.00 ft.; 4. North 65 deg. 07 min. 09 sec. East, a distance of 500.00 ft.; Page 9 of 10 5. North 20 deg. 08 min. 52 sec. East, a distance of 73.50 ft. to a 20 inch tree at bank of pond; 6. North 00 deg. 39 min. 26 sec. East, leaving said pond, a distance of 212.97 ft. to an angle point in fence; 7. North 01 deg. 46 min. 16 sec. West, with the general course of a wire fence, a distance of 327.25 ft. to an angle point in fence; 8. North 01 deg. 36 min. 16 sec. West, with the general course of a wire fence, a distance of 474.99 ft. to an angle point in fence; 9. North 02 deg. 12 min. 44 sec. West, with the general course of a wire fence, passing an 8 inch tree at fence corner (for witness) at 374.52 ft. and continuing on said course for a TOTAL distance of 412.36 ft. to a PK nail with metal flasher set in or near the center of County Road No. 372, a public road, in the East line of said W.P. Burns Survey and the West line of said Jonas Whitaker Survey, at the Northeast corner of said MJLA Adams 16.952 ac. and the most Northerly Northwest corner of the herein described tract; THENCE Easterly, along or near the center of said County Road 372, over and across said Risland Mantua 2,304.493 ac., the following calls and distances: 1. North 49 deg. 39 min. 30 sec. East, a distance of 128.05 ft.; 2. North 57 deg. 41 min. 04 sec. East, a distance of 150.00 ft.; 3. North 74 deg. 45 min. 46 sec. East, a distance of 135.00 ft.; 4. North 89 deg. 48 min. 47 sec. East, a distance of 127.43 ft.; 5. South 86 deg. 46 min. 24 sec. East, a distance of 506.20 ft.; 6. South 87 deg. 57 min. 09 sec. East, a distance of 172.41 ft.; 7. South 77 deg. 53 min. 48 sec. East, a distance of 93.44 ft.; 8. South 63 deg. 12 min. 34 sec. East, a distance of 108.68 ft.; 9. South 63 deg. 13 min. 19 sec. East, a distance of 129.45 ft.; 10. South 67 deg. 28 min. 08 sec. East, a distance of 91.86 ft.; 11. South 69 deg. 30 min. 37 sec. East, a distance of 290.88 ft.; 12. South 86 deg. 32 min. 19 sec. East, a distance of 86.89 ft.; 13. North 53 deg. 44 min. 03 sec. East, a distance of 92.86 ft.; 14. North 36 deg. 53 min. 20 sec. East, a distance of 133.56 ft.; 15. North 34 deg. 02 min. 26 sec. East, a distance of 211.93 ft.; 16. North 32 deg. 02 min. 27 sec. East, a distance of 165.42 ft.; 17. North 37 deg. 58 min. 13 sec. East, a distance of 103.89 ft.; 18. North 69 deg. 36 min. 45 sec. East, a distance of 94.23 ft.; 19. South 75 deg. 13 min. 37 sec. East, a distance of 120.32 ft.; 20. South 69 deg. 40 min. 24 sec. East, a distance of 136.84 ft.; 21. South 67 deg. 26 min. 05 sec. East, a distance of 118.48 ft.; 22. South 72 deg. 05 min. 15 sec. East, a distance of 97.50 ft.; 23. South 87 deg. 33 min. 06 sec. East, a distance of 63.37 ft.; 24. North 86 deg. 07 min. 56 sec. East, a distance of 85.23 ft.; 25. North 86 deg. 33 min. 49 sec. East, a distance of 55.99 ft.; 26. North 87 deg. 25 min. 04 sec. East, a distance of 51.63 ft.; 27. North 89 deg. 27 min. 50 sec. East, a distance of 282.63 ft. to a PK nail set with metal flasher in or near the center of said County Road 372, in the West right-of-way line of U.S. Highway No. 75 and the East line of said Risland Mantua 2,304.493 ac., at the most Northerly Northeast corner of the herein described tract; THENCE Southerly, with the West right-of-way line of said U.S. Highway No. 75 and an East line said Risland Mantua 2,304.493 ac., the following calls and distances: 1. South 00 deg. 19 min. 57 sec. West, a distance of 157.21 ft. to a 5/8 inch aluminum capped rebar found 2. South 07 deg. 56 min. 42 sec. West, a distance of 260.00 ft. to a 5/8 inch aluminum capped rebar found; 3. South 13 deg. 01 min. 18 sec. West, a distance of 90.77 ft. to a 5/8 inch aluminum capped rebar found; 4. South 13 deg. 19 min. 08 sec. East, a distance of 158.38 ft. to a 5/8 inch aluminum capped rebar found; 5. South 06 deg. 40 min. 27 sec. West, a distance of 690.13 ft. to a 10 inch wood corner post; 6. South 27 deg. 29 min. 40 sec. West, a distance of 226.76 ft. to a 5/8 inch aluminum capped rebar found; Page 10 of 10 7. North 88 deg. 16 min. 00 sec. West, a distance of 27.13 ft. to a 5/8 inch aluminum capped rebar found; 8. South 01 deg. 31 min. 42 sec. East, a distance of 99.77 ft. to a 1/2 inch capped rebar found, stamped “RPLS 6578”; 9. South 88 deg. 15 min. 12 sec. East, a distance of 76.93 ft. to a 5/8 inch rebar found; 10. South 19 deg. 29 min. 08 sec. East, a distance of 125.64 ft. to a 5/8 inch rebar found; 11. South 00 deg. 19 min. 57 sec. West, a distance of 92.58 ft. to a 5/8 inch rebar found; 12. South 10 deg. 47 min. 37 sec. East, a distance of 305.87 ft. to a 5/8 inch rebar found; 13. South 06 deg. 13 min. 39 sec. East, a distance of 402.64 ft. to a 5/8 inch rebar found; 14. South 01 deg. 22 min. 49 sec. East, a distance of 299.50 ft. to a 5/8 inch aluminum capped rebar found; 15. South 04 deg. 03 min. 47 sec. West, a distance of 588.55 ft. to a 5/8 inch rebar found; 16. South 18 deg. 07 min. 48 sec. West, a distance of 100.58 ft. to a 1/2 inch capped rebar set, stamped “RPLS 6578”; 17. South 02 deg. 24 min. 25 sec. West, a distance of 293.51 ft. to a 5/8 inch rebar found; 18. South 01 deg. 18 min. 32 sec. East, a distance of 197.35 ft. to a 5/8 inch rebar found; 19. South 07 deg. 36 min. 33 sec. West, a distance of 295.70 ft. to a 5/8 inch aluminum capped rebar found; 20. South 15 deg. 51 min. 34 sec. West, a distance of 202.09 ft. to a brass capped monument found; 21. South 07 deg. 39 min. 54 sec. West, a distance of 299.90 ft. to a brass capped monument found; 22. South 00 deg. 36 min. 24 sec. East, a distance of 202.34 ft. to a brass capped monument found; 23. South 07 deg. 35 min. 05 sec. West, a distance of 467.60 ft. to a brass capped monument found; 24. North 88 deg. 37 min. 42 sec. West, a distance of 15.83 ft. to a brass capped monument found; 25. South 00 deg. 49 min. 45 sec. West, a distance of 175.19 ft. to a brass capped monument found; 26. South 07 deg. 52 min. 40 sec. West, a distance of 113.17 ft. to a brass capped monument found; 27. South 88 deg. 30 min. 43 sec. West, a distance of 53.68 ft. to a brass capped monument found; 28. South 00 deg. 38 min. 27 sec. East, a distance of 69.59 ft. to a brass capped monument found; 29. North 89 deg. 26 min. 06 sec. East, a distance of 39.82 ft. to a brass capped monument found; 30. South 46 deg. 34 min. 09 sec. East, a distance of 4.94 ft. to a brass capped monument found; 31. South 07 deg. 38 min. 58 sec. West, a distance of 1,318.58 ft. to a brass capped monument found; 32. South 13 deg. 06 min. 56 sec. West, a distance of 200.42 ft. to a brass capped monument found; 33. South 07 deg. 01 min. 13 sec. West, a distance of 249.88 ft. to a brass capped monument found; 34. South 18 deg. 21 min. 18 sec. West, a distance of 584.03 ft. to a brass capped monument found; 35. South 07 deg. 40 min. 57 sec. West, a distance of 186.12 ft. to a brass capped monument found; 36. South 45 deg. 20 min. 37 sec. West, a distance of 79.29 ft. to a brass capped monument found; 37. South 83 deg. 25 min. 55 sec. West, a distance of 209.32 ft. to a brass capped monument found; 38. South 00 deg. 36 min. 48 sec. East, a distance of 56.51 ft. to a 5/8 inch aluminum capped rebar found in the pavement of said County Road 370, the North line of both said Alam 16.215 ac. and John Elliott Survey and the South line of said Henry Smith Survey, at the most Southerly Southeast corner of both said Risland Mantua 2,304.493 ac. and the herein described tract; THENCE South 89 deg. 11 min. 17 sec. West, with the pavement of said County Road 370, the North line of both said Alam 16.215 ac. and John Elliott Survey and a South line of both said Mantua 2,304.493 ac. and Henry Smith Survey, a distance of 254.37 ft. to a 1/2 inch rebar found at an angle point; THENCE South 88 deg. 36 min. 37 sec. West, continuing with the pavement of said County Road 370, the North line of both said Alam 16.215 ac. and John Elliott Survey and a South line of both said Mantua 2,304.493 ac. and Henry Smith Survey, a distance of 375.33 ft. to the PLACE OF BEGINNING and containing 694.344 ACRES of land. September 8 Page 1 of 3 Exhibit A-1 Tract Two (92.667 ACRES) SITUATED in the County of Collin, State of Texas, and being a part of the Henry Smith Survey, Abstract No. 822, the J.C. Burge Survey, Abstract No. 106, and being a part of the 555.801 acre tract of land (Tract B) conveyed from Viola Lordsmeer, L.P. to Risland Mantua, LLC by Special Warranty Deed dated June 25, 2018 and recorded in Instrument No. 20180625000783630, Official Public Records, Collin County, Texas, and being more particularly described by metes and bounds as follows, to-wit: BEGINNING at a 5/8 inch rebar found in the North line of both the Eli Witt Survey, Abstract No. 997 and the D.R. Horton, LTD 275.00 acre tract of land conveyed by Instrument No. 20210212000310470, said Official Public Records and the South line of said J.C. Burge Survey, at the Southwest corner of the 42.81 acre tract of land conveyed by Instrument No. 200610030014246640, said Official Public Records, at a Southeast corner of said Risland Mantua 555.801 ac. and the most Easterly Southeast corner of the herein described tract; THENCE North 86 deg. 36 min. 27 sec. West, with the North line of both said Eli Witt Survey and D.R. Horton, LTD 275.00 ac. and the South line of both said Burge Survey and Risland Mantua 555.801 ac., a distance of 774.67 ft. to a 1/2 inch rebar found, at the most Eastern Northeast corner of said Henry Smith Survey, the Northwest corner of both said D.R. Horton 275.00 ac. and said Eli Witt Survey, at an Ell corner of both said Risland Mantua 555.801 ac. and the herein described tract; THENCE South 00 deg. 33 min. 34 sec. East, with the West line of both said Eli Witt Survey and D.R. Horton, LTD 275.00 ac. and the East line of both said Henry Smith Survey and Risland Mantua 555.801 ac., a distance of 509.75 ft. to a 1/2 inch capped rebar set, stamped “RPLS 6578” at the most Southerly Southeast corner of the herein described tract; FROM which a ½ inch rebar found at the most Southerly Southeast corner of said Risland Mantua 555.801 ac. bears South 00 deg. 33 min. 34 sec. East, 4,146.43 ft.; THENCE South 32 deg. 09 min. 36 sec. West, over and across Risland Mantua 555.801 ac., a distance of 1,399.64 ft. to a 1/2 inch capped rebar set, stamped “RPLS 6578” in the East right-of-way line of U.S. Highway No. 75 and the West line of said Risland Mantua 555.801 ac., at the most Southerly Southwest corner of the herein described tract; THENCE in a Northeasterly direction, with the East line of said U.S. Highway No. 75 and West lines of said Risland Mantua 555.801 ac., the following calls and distances: 1. North 09 deg. 09 min. 44 sec. East, a distance of 468.21 ft. to a 1/2 inch capped rebar set, stamped “RPLS 6578”; 2. North 04 deg. 48 min. 32 sec. East, a distance of 166.27 ft. to a brass capped monument found; 3. North 08 deg. 00 min. 27 sec. East, a distance of 570.88 ft. to a 5/8 inch rebar found; 4. North 07 deg. 33 min. 49 sec. East, a distance of 204.07 ft. to a 1/2 inch capped rebar set, stamped “RPLS 6578”; 5. North 04 deg. 56 min. 12 sec. East, a distance of 408.10 ft. to a 1/2 inch rebar found; 6. North 08 deg. 50 min. 26 sec. East, a distance of 201.65 ft. to a 5/8 inch aluminum capped rebar found; 7. North 03 deg. 46 min. 37 sec. West, a distance of 157.48 ft. to a 5/8 inch aluminum capped rebar found; 8. North 02 deg. 24 min. 26 sec. East, a distance of 297.71 ft. to a 5/8 inch rebar found; 9. North 01 deg. 17 min. 34 sec. West, a distance of 373.25 ft. to a 5/8 inch rebar found; 10. North 03 deg. 24 min. 38 sec. East, a distance of 157.01 ft. to a 5/8 inch rebar found; Page 2 of 3 11. North 10 deg. 51 min. 17 sec. East, a distance of 626.29 ft. to a 5/8 inch rebar found; 12. North 39 deg. 04 min. 49 sec. East, a distance of 143.29 ft. to a 5/8 inch rebar found; 13. North 08 deg. 29 min. 33 sec. East, a distance of 132.69 ft. to a 5/8 inch aluminum capped rebar found; 14. South 88 deg. 41 min. 18 sec. East, a distance of 29.74 ft. to a 5/8 inch aluminum capped rebar found; 15. North 01 deg. 36 min. 08 sec. East, a distance of 109.73 ft. to a 5/8 inch aluminum capped rebar found; 16. North 88 deg. 24 min. 26 sec. West, a distance of 31.11 ft. to a 5/8 inch aluminum capped rebar found; 17. North 06 deg. 46 min. 11 sec. West, a distance of 159.76 ft. to a 1/2 inch capped rebar found, stamped “RPLS 6578”; 18. North 34 deg. 41 min. 30 sec. West, a distance of 153.89 ft. to a 5/8 inch aluminum capped rebar found; 19. North 06 deg. 06 min. 32 sec. West, a distance of 469.93 ft. to a 5/8 inch aluminum capped rebar found; 20. North 14 deg. 15 min. 34 sec. West, a distance of 166.73 ft. to a 5/8 inch aluminum capped rebar found; 21. North 00 deg. 20 min. 02 sec. East, a distance of 570.00 ft. to a 5/8 inch aluminum capped rebar found; 22. North 02 deg. 17 min. 36 sec. East, a distance of 48.36 ft. to a ½ inch capped rebar set, stamped “RPLS 6578” at the most Northerly Northwest corner of the herein described tract, FROM which a 5/8 inch aluminum capped rebar found at an angle point of said U.S. Highway No. 75 bears North 02 deg. 17 min. 36 sec. East, 331.91 ft.; THENCE North 88 deg. 46 min. 19 sec. East, over and across said Risland Mantua 555.801 ac., a distance of 473.58 ft. to a 1/2 inch rebar found at the most Westerly Northwest corner of the “called” 60.94 acre tract of land conveyed to LHJH Properties, Ltd., recorded in Instrument No. 20061003001424620, said Official Public Records, an Ell corner of said Mantua 555.801 ac. and the most Northerly Northeast corner of the herein described tract; THENCE South 00 deg. 57 min. 02 sec. East, with a West line of said LHJH Properties “called” 60.94 ac., an East line of said Risland Mantua 555.801 ac., entering the pavement of County Road 374 and continuing with the pavement, a distance of 913.62 ft. to a PK nail set at an angle point; THENCE South 00 deg. 56 min. 52 sec. East, continuing with the pavement of said County Road 374, a West line of said LHJH Properties “called” 60.94 ac. and an East line of said Risland Mantua 555.801 ac., a distance of 689.52 ft. to a 1/2 inch rebar found at the centerline intersection of said County Road 374 with Mantua Road, a public road, at the most Westerly Southwest corner of said LHJH Properties “called” 60.94 ac., at an Ell corner of both said Risland Mantua 555.801 ac. and the herein described tract; THENCE South 89 deg. 39 min. 31 sec. East, with the pavement of said Mantua Road, a South line of said LHJH Properties “called” 60.94 ac. and a North line of said Risland Mantua 555.801 ac., leaving the pavement of said Mantua Road and continuing on said course for a distance of 755.15 ft. to a 1/2 inch rebar found at an Ell corner of said LHJH Properties “called” 60.94 ac. and a Northeast corner of said Risland Mantua 555.801 ac., at the most Easterly Northeast corner of the herein described tract; THENCE South 01 deg. 06 min. 31 sec. West, with a West line of said LHJH Properties “called” 60.94 ac., an East line of said Risland Mantua 555.801 ac., re-entering of the pavement of said Mantua Road, continuing with and leaving the pavement of the same and continuing, passing the most Southerly Southwest corner of said LHJH Properties “called” 60.94 ac. and the Northwest corner of said LHJH Page 3 of 3 Properties 42.81 ac. and continuing now with a West line of said LHJH Properties 42.81 ac. for a distance of 2,239.97 ft. to the PLACE OF BEGINNING and containing 92.667 ACRES of land. September 8 Exhibit A-3 Thornton Tract BEING a tract of land situated in the Joseph Britton Survey Survey, Abstract No. 72, Collin County, Texas, and being all of a called 103-acre tract of land described in a deed to The Thornton Family Trust, recorded in Instrument No. 20210430000877560, Official Public Records, Collin County, Texas, and being more particularly described by metes and bounds as follows: BEGINNING at a 1/2-inch iron rod found for the southeast corner of said 103-acre tract, common to the westernmost southwest corner of a called 694.344-acre tract of land described as Tract One in a deed to Liberty 800, LP, recorded in Instrument No. 2023000025691, said Official Public Records, common to the northwest corner of a called 52.771-acre tract of land described in a deed to Janis Real Estate, recorded in Instrument No. 2022040000632060, said Official Public Records, common to the northeast corner of a called 103.991-acre tract of land described in a deed to Mohammad Ali Monouchehripour, recorded in Volume 5200, Page 5012, Land Records, Collin County, Texas, same also being in County Road No. 290 (public use right-of-way, no record found); THENCE South 89°51'39" West, departing said County Road No. 290 and with the common line of said 103-acre tract and said 103.991-acre tract, a distance of 1,815.28 feet to a 1/2-inch iron rod with plastic cap “Illegible” found for the northwest corner of said 103.991-acre tract, common to the northeast corner of a called 11.000-acre tract of land described in a deed to Mathew T. Benton, et ux, recorded in Instrument No. 20170316000337930, said Official Public Records; THENCE South 89°46'58" West, with the common line of said 103-acre tract and said 11.000- acre tract, a distance of 491.25 feet to a 5/8-inch iron rod with red plastic cap stamped “KHA” set for the southwest corner of said 103-acre tract; THENCE North 01°49'44" East, departing the northerly line of said 11.000-acre tract and with the westerly line of said 103-acre tract and the easterly lines of a called 10.000-acre tract of land described in a deed to Angela Reston, recorded in Instrument No. 20130816001163630, said Official Public Records, and a called 45.002-acre tract of land described in a deed to Angela Reston, recorded in Instrument No. 20130816001163610, said Official Public Records, and generally along the center of County Road No. 289 (public use right-of-way, no record found), a distance of 617.13 feet to a PK nail set for corner; THENCE North 00°56'55" East, continuing with the westerly line of said 103-acre tract and the easterly line of said 45.002-acre tract, and with the easterly line of a called 25.2172-acre tract of land described in a deed to Shawn C. & Latricia G. Smith, recorded in Instrument No. 20210112000065970, said Official Public Records, and continuing generally along the center of said County Road No. 289, a distance of 751.13 feet to a PK nail set for corner; THENCE North 00°23'27" West, continuing with the westerly line of said 103-acre tract and the easterly line of said 25.2172-acre tract, and with the easterly line of a called 9.213-acre tract of land described in a deed to Timothy J. Kennedy and Thomas W. Kennedy, recorded in Instrument No. 20140814000866610, said Official Public Records, and continuing generally along the center of said County Road No. 289, a distance of 628.28 feet to a PK nail set for the northwest corner of said 103-acre tract, common to the southwest corner of a called 105-acre tract of land described in a deed to The Thornton Family Trust, recorded in Instrument No. 20210430000877690, said Official Public Records; THENCE North 89°12'22" East, departing the easterly line of said 9.213-acre tract and said County Road No. 289, and with the northerly line of said 103-acre tract and the southerly lines of said 105-acre tract and a called 40-acre tract of land described in a deed to The Thornton Family Trust, recorded in Instrument No. 20210430000877470, said Official Public Records, and a called 2304.493-acre tract of land described as Tract F in a deed to Risland Mantua, LLC, recorded in Instrument No. 20180625000783630, said Official Public Records and in Instrument No. 2018- 14251, Official Public Records, Grayson County, Texas, and generally along the center of County Road No. 1101 (public use right-of-way, no record found), a distance of 2,235.58 feet to a PK nail set for the northeast corner of said 103-acre tract, common an angle point in the southerly line of said Tract F, same being on the westerly line of a called 10.669-acre tract of land described in a deed to Delmore A.M. Church and Joyce Church, recorded in Volume 702, Page 585, said Land Records, same also being the intersection of said County Road No. 1101 and the aforementioned County Road No. 290; THENCE South 01°14'56" East, departing the southerly line of said Tract F and with the common line of said 103-acre tract and said 10.669-acre tract, and generally along the center of said County Road No. 290, a distance of 890.33 feet to a PK nail set for the southwest corner of said 10.669-acre tract, common to the westernmost northwest corner of the aforementioned Tract One, from which a PK nail found for witness bears North 75°05'07” West, 1.12 feet; THENCE South 01°12'42" East, with the common line of said 103-acre tract and said Tract One, and continuing generally along the center of said County Road No. 290, a distance of 1,130.95 feet to the POINT OF BEGINNING and containing 4,544,381 square feet or 104.325 acres of land, more or less. Exhibit A-4 Janis RE Tract BEING a tract of land situated in the Zachariah Roberts Survey, Abstract No. 760, City of Anna, Collin County, Texas, and being all of a called 52.771-acre tract of land, described in a Warranty Deed to Janis Real Estate, recorded in Instrument No. 20220420000632060 of the Official Public Records of Collin County, Texas, and being more particularly described as follows: BEGINNING at a 1/2-inch iron rod found in County Road 290, an apparent public use right of way, no record found, for the northwest corner of said 52.771-acre tract, same being the westerly, southwest corner of Tract One (called 694.334-acres), described in a deed to Liberty 800, LP, recorded in Instrument No. 2023000025691 of the Official Public Records of Collin County, Texas THENCE North 88°29'13" East, departing said County Road 290, along the northerly line of said 52.771-acre tract and a southerly line of said Tract One (called 694.334-acres), passing at a distance of 22.66 feet, a found 1/2-inch iron rod, passing at a distance of 1,915.36 feet, a found 5/8-inch iron rod, continuing for a total distance of 1,940.95 feet to a point for corner in an unnamed stream; THENCE in a southeasterly direction, along a southwesterly line of said Tract One (called 694.334-acres), and along the meanders of said stream, the following: South 33°10'55" East, a distance of 12.05 feet to a point for corner; North 77°29'33" East, a distance of 63.05 feet to a point for corner; South 31°24'12" East, a distance of 45.14 feet to a point for corner; South 20°44'38" West, a distance of 41.43 feet to a point for corner; South 51°05'09" East, a distance of 29.42 feet to a point for corner; South 74°15'03" East, a distance of 25.54 feet to a point for corner; North 89°23'21" East, a distance of 70.37 feet to a point for corner; South 23°39'03" East, a distance of 52.95 feet to a point for corner; South 67°42'02" East, a distance of 33.33 feet to a point for corner; North 87°34'10" East, a distance of 28.77 feet to a point for corner; North 72°45'56" East, a distance of 40.53 feet to a point for corner; North 61°06'37" East, a distance of 35.06 feet to a point for corner; North 70°57'23" East, a distance of 52.73 feet to a point for corner; South 45°16'16" East, a distance of 161.75 feet to a point for corner; South 78°02'53" East, a distance of 43.16 feet to a point for corner; South 48°41'18" East, a distance of 61.75 feet to a point for corner; South 26°20'00" East, a distance of 52.30 feet to a point for corner; South 41°31'56" East, a distance of 71.58 feet to a point for corner; South 61°04'09" East, a distance of 43.45 feet to a point for corner; South 74°50'18" East, a distance of 51.31 feet to a point for corner; South 67°40'27" East, a distance of 74.73 feet to a point for corner; North 78°02'05" East, a distance of 27.52 feet to a point for corner; North 55°10'00" East, a distance of 27.35 feet to a point for corner; South 43°24'18" East, a distance of 52.01 feet to a point for corner; South 11°56'26" East, a distance of 54.70 feet to a point for corner; South 35°23'19" East, a distance of 27.58 feet to a point for corner; North 76°58'39" East, a distance of 33.36 feet to a point for corner; South 74°58'05" East, a distance of 33.79 feet to a point for corner; North 84°50'03" East, a distance of 47.01 feet to a point for corner; South 67°01'29" East, a distance of 30.31 feet to a point for corner; South 25°25'26" East, a distance of 47.54 feet to a point for corner; South 83°06'16" East, a distance of 148.71 feet to a point for corner; South 27°26'38" East, a distance of 22.31 feet to a point for corner; South 20°24'50" West, a distance of 33.05 feet to a point for corner; South 81°00'45" West, a distance of 25.03 feet to a point for corner; South 22°14'44" West, a distance of 25.85 feet to a point for corner; South 71°22'19" East, a distance of 21.59 feet to a point for corner; South 17°12'14" East, a distance of 18.36 feet to a point for corner; South 43°03'46" West, a distance of 28.01 feet to a point for corner; South 77°43'43" West, a distance of 16.69 feet to a point for corner; South 53°06'48" West, a distance of 15.77 feet to a point for corner; South 13°04'46" East, a distance of 18.22 feet to a point for corner; South 86°18'51" East, a distance of 19.60 feet to a point for corner; North 64°02'23" East, a distance of 41.91 feet to a point for corner; South 87°03'39" East, a distance of 12.89 feet to a point for corner; South 44°49'18" East, a distance of 31.14 feet to a point for corner; South 72°20'36" East, a distance of 44.01 feet to a point for corner; South 10°24'46" East, a distance of 17.30 feet to a point for corner; South 50°40'12" West, a distance of 42.51 feet to a point for corner; South 26°45'33" West, a distance of 14.91 feet to a point for corner; South 22°54'12" East, a distance of 86.03 feet to a point for corner; North 68°54'13" East, a distance of 27.87 feet to a point for corner; South 83°50'31" East, a distance of 22.51 feet to a point for corner; South 55°20'43" East, a distance of 26.96 feet to a point for corner; South 30°12'42" West, a distance of 86.18 feet to a point for corner; South 18°54'48" East, a distance of 46.25 feet to a point for corner; South 70°40'03" East, a distance of 3.83 feet to the southeast corner of said 52.771-acre tract, same being on the northerly line of a called 48.900-acre tract of land described in a deed to Donna Gail Peeler, recorded in Volume 4972, Page 5535 of the Land Records of Collin County, Texas; THENCE South 88°38'34" West, departing said stream, along the southerly line of said 52.771- acre tract and the northerly line of said 48.900-acre tract, a distance of 1,014.81 feet to a 1/2-inch iron rod with a plastic cap, stamped “PRECISE LAND SURVEY” found for a southwest corner of said 52.771-acre tract; THENCE North 05°10'28" East, departing the northerly line of said 48.900-acre tract and along an easterly line of said 52.771-acre tract, a distance of 536.25 feet to a 5/8-inch iron rod with a plastic cap, stamped “NTS” found for a corner; THENCE South 88°39'14" West, along a southerly line of said 52.771-acre tract, a distance of 644.48 feet to a 1/2-inch iron rod with a plastic cap, stamped “PRECISE LAND SURVEY” found for corner; THENCE South 03°09'12" East, along an easterly line of said 52.771-acre tract, a distance of 467.12 feet to a 1/2-inch iron rod with an unreadable plastic cap found for corner; THENCE South 88°38'34" West, along a southerly line of said 52.771-acre tract, a distance of 1,253.06 feet to a 5/8-inch iron rod with a plastic cap, stamped “NTS” found for corner; THENCE North 00°58'35" West, along an easterly line of said 52.771-acre tract, a distance of 606.39 feet to a 5/8-inch iron rod with a plastic cap, stamped “NTS” found for corner; THENCE South 89°01'25" West, along a southerly line of said 52.771-acre tract, a distance of 455.00 feet to a MAG Nail found for the westerly, southwest corner of said 52.771-acre tract, same being in aforesaid County Road 290; THENCE North 00°58'35" West, along the westerly line of said 52.771-acre tract and along said County Road 290, a distance of 389.53 feet to the POINT OF BEGINNING and containing 52.750 acres (2,297,787 square feet) of land, more or less. Exhibit A-5 Jay and Irene Janis Tract (16 ac) BEING a tract of land situated in the Zachariah Roberts Survey, Abstract No. 760, City of Anna, Collin County, Texas, and being a portion of a called 68.835-acre tract of land, described in a Warranty Deed, recorded in County Clerk’s File No. 96-0069284 of the Official Public Records of Collin County, Texas, and being more particularly described as follows: BEGINNING at a MAG nail found in County Road 290, an apparent public use right of way, no record found, for the southwest corner of said 52.771-acre tract, same being the northwest corner of a called 48.900-acre tract of land described in a deed to Donna Gail Peeler, recorded in Volume 4972, Page 5535 of the Land Records of Collin County, Texas; THENCE North 00°58'35" West, along the westerly line of said 68.835-acre tract and along said County Road 290, a distance of 675.42 feet to a MAG Nail found for the westerly, southwest corner of a called 52.771-acre tract of land, described in a Warranty Deed to Janis Real Estate, recorded in Instrument No. 20220420000632060 of the Official Public Records of Collin County, Texas; THENCE North 89°01'25" East, departing the westerly line of said 68.835-acre tract and said County Road 290, along a southerly line of said 52.772-acre tract, a distance of 455.00 feet to a 5/8-inch iron rod with a plastic cap, stamped “NTS” found for corner; THENCE South 00°58'35" East, along an easterly line of said 52.771-acre tract, a distance of 606.39 feet to a 5/8-inch iron rod with a plastic cap, stamped “NTS” found for corner; THENCE North 88°38'34" East, along a southerly line of said 52.771-acre tract, a distance of 1,253.06 feet to a 1/2-inch iron rod with an unreadable plastic cap found for corner; THENCE North 03°09'12" West, along an easterly line of said 52.771-acre tract, a distance of 467.12 feet to a 1/2-inch iron rod with a plastic cap, stamped “PRECISE LAND SURVEY” found for corner; THENCE North 88°39'14" East, along a southerly line of said 52.771-acre tract, a distance of 644.48 feet to a 5/8-inch iron rod with a plastic cap, stamped “NTS” found for corner; THENCE South 05°10'28" West, along an easterly line of said 52.771-acre tract, a distance of 536.25 feet to a 1/2-inch iron rod with a plastic cap, stamped “PRECISE LAND SURVEY” found for a southwest corner of said 52.771-acre tract, same being on the southerly line of said 68.835- acre tract and the northerly line of said 48.900-acre tract; THENCE South 88°38'34" West, along the southerly line of said 68.835-acre tract and the northerly line of said 48.900-acre tract, a distance of 2,277.35 feet to the POINT OF BEGINNING and containing 16.348 acres (712,115 square feet) of land, more or less. Liberty Hills Economic Development Agreement EXHIBIT A-2 METES AND BOUNDS DESCRIPTION OF CHURCH TRACT PROPERTY A-1 EXHIBIT A-2 Legal Description BEING A 10.815 ACRE TRACT OF LAND SITUATED IN THE Z. ROBERTS SURVEY, ABSTRACT NO. 760 AND BEING ALL OF A 10.669 ACRE TRACT OF LAND CONVEYED TO DELMORE A.M. CHURCH AND WIFE, JOYCE CHURCH, AS RECORDED IN VOLUME 702, PAGE 585, DEED RECORDS, COLLIN COUNTY TEXAS. SAID 10.815 ACRE TRACT, WITH BEARING BASIS BEING GRID NORTH, TEXAS STATE PLANE COORDINATES, NORTH CENTRAL ZONE NAD83, DETERMINED BY GPS OBSERVATIONS UTILIZING THE ALLTERRA RTKNET, AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING AT A PK NAIL FOUND FOR THE NORTHEAST CORNER OF SAID 10.669 ACRE TRACT AND A COMMON EXTERIOR ELL CORNER OF A 694.344 ACRE TRACT OF LAND CONVEYED AS “TRACT 1” TO LIBERTY 800, LP AS RECORDED IN COUNTY CLERK’S FILE NO. 2023000025691, OFFICIAL PUBLIC RECORDS, COLLIN COUNTY, TEXAS. SAID POINT BEING IN THE SOUTH LINE OF A 666.61 ACRE TRACT OF LAND CONVEYED TO MM MANTUA 701, LLC., AS RECORDED IN COUNTY CLERK’S FILE NO. 2024000100812, OFFICIAL PUBLIC RECORDS, COLLIN COUNTY, TEXAS AND BEING IN THE APPROXIMATE CENTER OF COUNTY ROAD NO. 290 (A PRESCRIPTIVE RIGHT-OF-WAY); THENCE, ALONG THE COMMON LINES OF SAID 10.669 ACRE TRACT AND SAID 694.344 ACRE TRACT, THE FOLLOWING COURSES AND DISTANCES: SOUTH 01 DEGREES 22 MINUTES 47 SECONDS EAST, A DISTANCE OF 252.40 FEET TO A PK NAIL FOUND FOR CORNER; SOUTH 86 DEGREES 38 MINUTES 40 SECONDS WEST, A DISTANCE OF 588.13 FEET TO A 1/2 INCH IRON ROD FOUND FOR CORNER; SOUTH 01 DEGREES 39 MINUTES 17 SECONDS EAST, A DISTANCE OF 628.29 FEET TO A 1/2 INCH IRON ROD WITH CAP STAMPED “RPLS 6578” FOUND FOR CORNER; NORTH 88 DEGREES 23 MINUTES 21 SECONDS WEST, A DISTANCE OF 354.21 FEET TO A PK NAIL FOUND FOR THE SOUTHWEST CORNER OF SAID 10.669 ACRE TRACT AND A COMMON EXTERIOR ELL CORNER OF SAID 694.344 ACRE TRACT. SAID POINT BEING IN THE EAST LINE OF A 103 ACRE TRACT OF LAND CONVEYED TO JAMES R. THORNTON AND LAURIE L. THORNTON, TRUSTEE OF THE THORNTON FAMILY TRUST, AS RECORDED IN COUNTY CLERK’S FILE NO. 20210430000877560, OFFICIAL PUBLIC RECORDS, COLLIN COUNTY, TEXAS AND BEING IN THE APPROXIMATE CENTER OF AFORESAID COUNTY ROAD NO. 290; A-2 THENCE, NORTH 00 DEGREES 55 MINUTES 17 SECONDS WEST, ALONG THE WEST LINE OF SAID 10.669 ACRE TRACT, THE COMMON EAST LINE OF SAID 103 ACRE TRACT AND WITH SAID COUNTY ROAD NO. 290, A DISTANCE OF 890.14 FEET TO A POINT THE NORTHEAST CORNER OF SAID 103 ACRE TRACT AND A COMMON EXTERIOR ELL CORNER OF AFORESAID 666.61 ACRE TRACT. SAID POINT BEING IN THE APPROXIMATE INTERSECTION OF SAID COUNTY ROAD NO. 290 AND COUNTY ROAD NO. 1101 (A PRESCRIPTIVE RIGHT-OF-WAY); THENCE, NORTH 00 DEGREES 55 MINUTES 17 SECONDS WEST, ALONG THE WEST LINE OF SAID 10.669 ACRE TRACT AND A COMMON EASTERLY LINE OF SAID 666.61 ACRE TRACT AND WITH SAID COUNTY ROAD NO. 290, A DISTANCE OF 5.80 FEET TO A POINT FOR THE NORTHWEST CORNER OF SAID 10.669 ACRE TRACT AND A COMMON INTERIOR ELL CORNER OF SAID 666.61 ACRE TRACT; THENCE, NORTH 89 DEGREES 26 MINUTES 47 SECONDS EAST, ALONG THE NORTH LINE OF SAID 10.669 ACRE TRACT, THE COMMON SOUTH LINE OF SAID 666.61 ACRE TRACT AND WITH SAID COUNTY ROAD NO. 290, A DISTANCE OF 931.42 FEET TO THE POINT OF BEGINNING AND CONTAINING A CALCULATED AREA OF 471,113 SQUARE FEET OR 10.815 ACRES OF LAND. THIS DOCUMENT WAS PREPARED UNDER 22 TAC 663.21, DOES NOT REFLECT THE RESULTS OF AN ON THE GROUND SURVEY, AND IS NOT TO BE USED TO CONVEY OR ESTABLISH INTERESTS IN REAL PROPERTY EXCEPT THOSE RIGHTS AND INTERESTS IMPLIED OR ESTABLISHED BY THE CREATION OR RECONFIGURATION OF THE BOUNDARY OF THE POLITICAL SUBDIVISION FOR WHICH IT WAS PREPARED. Liberty Hills Economic Development Agreement EXHIBIT B-1 DEVELOPER STANDRIDGE BOULEVARD PORTION Da t e \ T i m e : 11 / 1 1 / 2 0 2 5 9 : 5 3 A M U s e r N a m e : No a h C o o p e r P a t h \ N a m e : s: \ n t x - l a n d \ 0 4 5 1 \ 4 0 0 l a n d \ 4 0 2 e x h i b i t s \ 3 8 0 e x h i b i t s \ 3 8 0 e x h i b i t s . d w g FEET 0 300 600 LJA Engineering, Inc. EXHIBIT B-1 SHEET 1 OF 2 STANDRIDGE BOULEVARD 6060 North Central Expressway Suite 400 Dallas, Texas 75206 Phone 469.621.0710 FRN - F-1386 Da t e \ T i m e : 11 / 1 1 / 2 0 2 5 9 : 5 3 A M U s e r N a m e : No a h C o o p e r P a t h \ N a m e : s: \ n t x - l a n d \ 0 4 5 1 \ 4 0 0 l a n d \ 4 0 2 e x h i b i t s \ 3 8 0 e x h i b i t s \ 3 8 0 e x h i b i t s . d w g FEET 0 300 600 LJA Engineering, Inc. EXHIBIT B-1 SHEET 2 OF 2 STANDRIDGE BOULEVARD 6060 North Central Expressway Suite 400 Dallas, Texas 75206 Phone 469.621.0710 FRN - F-1386 Liberty Hills Economic Development Agreement EXHIBIT B-2 MANTUA PARKWAY ROAD IMPROVEMENTS, MAJOR WATER LINE, MAJOR WATER LINE EASEMENTS, TRUNK LINE EASEMENTS Da t e \ T i m e : 11 / 1 2 / 2 0 2 5 1 1 : 0 7 A M U s e r N a m e : No a h C o o p e r P a t h \ N a m e : s: \ n t x - l a n d \ 0 4 5 1 \ 4 0 0 l a n d \ 4 0 2 e x h i b i t s \ 3 8 0 e x h i b i t s \ 3 8 0 e x h i b i t s . d w g FEET 0 300 600 LJA Engineering, Inc. EXHIBIT B-2 SHEET 1 OF 2 MANTUA PARKWAY & MAJOR UTILITY IMPROVEMENTS 6060 North Central Expressway Suite 400 Dallas, Texas 75206 Phone 469.621.0710 FRN - F-1386 Da t e \ T i m e : 11 / 1 2 / 2 0 2 5 1 1 : 0 7 A M U s e r N a m e : No a h C o o p e r P a t h \ N a m e : s: \ n t x - l a n d \ 0 4 5 1 \ 4 0 0 l a n d \ 4 0 2 e x h i b i t s \ 3 8 0 e x h i b i t s \ 3 8 0 e x h i b i t s . d w g FEET 0 300 600 LJA Engineering, Inc. EXHIBIT B-2 SHEET 2 OF 2 MANTUA PARKWAY & MAJOR UTILITY IMPROVEMENTS 6060 North Central Expressway Suite 400 Dallas, Texas 75206 Phone 469.621.0710 FRN - F-1386 Liberty Hills Economic Development Agreement EXHIBIT C CERTIFICATION FOR PAYMENT NO. ___ The undersigned is an agent for VC Liberty Hills, LLC (the “Developer”) and certifies to the City of Anna, Texas (the “City”) in the following amounts have been incurred for labor, materials, fees, and/or other general costs related to the construction and installation of the following Eligible Infrastructure related to the Project: [insert specific Eligible Infrastructure this request is for here] Description of Eligible Infrastructure Total Costs of Eligible Infrastructure Total All capitalized terms not otherwise defined herein shall have the meaning given to such term in that certain Liberty Hills Economic Development Agreement, entered into as of _________, 2025, by and between the City and VC Liberty Hills, LLC, a Delaware limited liability company (the “Economic Development Agreement”). The Developer represents and warrants to the City as follows: 1. The undersigned is a duly authorized officer of the Developer, is qualified to execute this Certification for Payment on behalf of the Developer, and is knowledgeable as to the matters set forth herein. 2. The payment requested herein for the Eligible Infrastructure has not been the subject of any prior Certification for Payment submitted for the same work to the City. 3. The itemized amounts listed for the Eligible Infrastructure below are a true and accurate representation of the actual costs incurred by the Developer with the construction and installation of said Eligible Infrastructure, and such costs in compliance with the Development Agreement. 4. The Developer is in compliance with the terms and provisions of the Economic Development Agreement. 5. The work with respect to the Eligible Infrastructure identified above (or its completed segment, portion or segment) has been completed and the City has inspected or may begin inspection of the Eligible Infrastructure (or completed segment, portion or segment) and confirm that said work has been completed in accordance with the Development Agreement. Liberty Hills Economic Development Agreement 6. The Developer agrees to cooperate with the City in conducting its review of the requested payment, and agrees to provide additional information and documentation as is reasonably necessary for the City to complete said review. Attached hereto, are receipts, purchase orders, change orders, and similar instruments which support and validate the above requested payments and costs incurred in the construction and installation of the Eligible Infrastructure. DEVELOPER: VC LIBERTY HILLS, LLC, a Delaware limited liability company By:______________________________ Name: ___________________________ Title: ____________________________ [Note: Insert attachments] Liberty Hills Economic Development Agreement EXHIBIT D REQUEST FOR PAYMENT The undersigned is an agent for VC Liberty Hills, LLC (the “Developer”) and requests payment from the City of Anna, Texas (the “City”) in the following amounts from funds available in [the City PID Fee Account] [and] [the Liberty Hills Impact Fee Account] in the amounts set forth on Schedule I attached hereto for labor, materials, fees, and/or other general costs related to the acquisition, construction and installation of the following Eligible Infrastructure related to the Project All capitalized terms not otherwise defined herein shall have the meaning given to such term in that certain Liberty Hills Economic Development Agreement, entered into as of _________, 2025, by and between the City and VC Liberty Hills, LLC, a Delaware limited liability company (the “Economic Development Agreement”). In connection to the above referenced payment request, the Developer represents and warrants to the City as follows: 7. The undersigned is a duly authorized officer of the Developer, is qualified to execute this Request for Payment on behalf of the Developer, and is knowledgeable as to the matters set forth herein. 8. The itemized amounts listed for the Eligible Infrastructure below are a true and accurate representation of the actual costs incurred by the Developer as provided in the applicable Certification for Payment. 9. The Developer is in compliance with the terms and provisions of the Economic Development Agreement. 10. The Developer agrees to cooperate with the City in conducting its review of the requested payment, and agrees to provide additional information and documentation as is reasonably necessary for the City to complete said review. 11. The City is hereby instructed to provide payment of to the following payee(s) pursuant to the attached wiring instructions. [Note: Insert wiring instructions] DEVELOPER: VC LIBERTY HILLS, LLC, a Delaware limited liability company By:______________________________ Name: ___________________________ Title: ____________________________ Liberty Hills Economic Development Agreement SCHEDULE I [insert specific Eligible Infrastructure this request is for here] Description of Eligible Infrastructure Applicable Certification for Payment Evidencing Actual Costs Total Actual Costs Date of City Acceptance of Applicable Eligible Infrastructure Amounts Previously Reimbursed Accrued Interest on outstanding Amounts to be Reimburse Amounts Previously Paid from City PID Fee Accoun Amounts Requested from City PID Fee Account Amounts Previously Paid from Liberty Hills Impact Fee Accoun Amounts Requested from Liberty Hills Impact Fee Account Total Amount Requested [Certification for Payment o. ] Total Item No. 7.v. City Council Agenda Staff Report Meeting Date: 12/9/2025 Staff Contact: Carrie Land AGENDA ITEM: Consider/Discuss/Action on a Resolution casting votes for the Collin CAD Board of Directors. (City Secretary Carrie Land) SUMMARY: At the November 17, 2025 meeting, the City Council requested additional information regarding the candidates. Staff contacted the Collin CAD office, which confirmed that no further information is available. There is one incumbent candidate, Jerry Tartaglino. The City of Anna has 11 votes to cast. All votes may be cast for one candidate or distributed among any number of the candidates listed on the official ballot. The deadline to submit the complete ballot to Collin CAD is December 12, 2025. FINANCIAL IMPACT: This item has no financial impact. BACKGROUND: Title of Event: Taxing Units Cast Their Votes Deadline: Before December 15th, (December 15th falls on a Monday). Deadline for delivery of voting Resolution, received by the chief appraiser, is end-of-day December 12, 2025. Action: Taxing unit determines its votes in public session by Resolution. Special Action (Tax Code Amendment): Taxing Unit’s with 5% or more of the total votes MUST determine their votes by Resolution adopted at the FIRST or SECOND OPEN meeting of the governing body held after the Chief Appraiser delivers the ballot and the Resolution must be submitted to the chief appraiser not later than the THIRD day following the date the Resolution was adopted. Taxing units with 250 or more votes are affected by this Tax Code change. Responsible for Action: Governing body of each entity and entity’s presiding officer. Tax Code: 6.03 (g), 6.03 (k and k-1 effective 1-1- 2022) Summary of Action: The governing body of each taxing unit entitled to vote shall determine its vote by Resolution. If an entity marks their votes next to the nominees name on the Ballot received from the Chief Appraiser, the marked Ballot must have an accompanying Resolution adopted in a public meeting determining the tax unit’s votes. The Resolution adopted in an open meeting of the taxing unit, or a copy of marked Ballot accompanied by the taxing unit’s Resolution must be received by the Chief Appraiser by end-of-day December 12, 2025. Taxing units with 250 or more votes, please refer to the “Special Action (Tax Code Amendment)” section above concerning the deadlines for adopting your Resolution and submitting the Resolution to the Chief Appraiser. STRATEGIC CONNECTIONS: This item has no strategic connection. ATTACHMENTS: 1. Res 2025-11- Voting for Collin CAD BOD 2. Anna City Ballot 3. 2026 Collin CAD Board of Directors Election Vote Allocation CITY OF ANNA, TEXAS RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS, VOTING FOR A CANDIDATE OR CANDIDATES FOR THE BOARD OF DIRECTORS FOR ELECTION OF COLLIN CENTRAL APPRAISAL DISTRICT. WHEREAS, The City of Anna, Texas has 11 votes to cast in the election of the Board of Directors for the Collin Central Appraisal District; and WHEREAS, The City Council may vote for 1 to 11 candidates; NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS THAT: Section 1. Recitals Incorporated The recitals set forth above are incorporated herein for all purposes as if set forth in full. Section 2. The City Council of the City of Anna, Texas votes for the following candidate(s) to the Collin Central Appraisal District Board of Directors: PASSED by the City Council of the City of Anna, Texas, on this 17th day of November 2025. APPROVED: ATTEST: Mayor Pete Cain City Secretary Carrie L. Land ALLEN CITY 46 ALLEN ISD 119 ANNA CITY 11 ANNA ISD 25 BLAND ISD 0 BLUE RIDGE CITY 0 BLUE RIDGE ISD 3 CARROLLTON CITY 1 CELINA CITY 24 CELINA ISD 35 COLLIN COUNTY 186 COLLIN COUNTY COLLEGE DISTRICT 93 COMMUNITY ISD 18 DALLAS CITY 27 FAIRVIEW CITY 5 FARMERSVILLE CITY 2 FARMERSVILLE ISD 8 FRISCO CITY 70 FRISCO ISD 233 GARLAND CITY 0 JOSEPHINE CITY 1 LAVON CITY 3 LEONARD ISD 0 LOVEJOY ISD 25 LOWRY CROSSING CITY 0 LUCAS CITY 3 MCKINNEY CITY 88 MCKINNEY ISD 151 MELISSA CITY 10 MELISSA ISD 29 MURPHY CITY 7 NEVADA CITY 0 NEW HOPE CITY 0 PARKER CITY 3 PLANO CITY 125 PLANO ISD 352 PRINCETON CITY 10 PRINCETON ISD 32 PROSPER TOWN 20 PROSPER ISD 115 RICHARDSON CITY 28 ROCKWALL ISD 0 ROYSE CITY 1 ROYSE CITY ISD 2 SACHSE CITY 5 ST. PAUL CITY 0 TRENTON ISD 0 VAN ALSTYNE CITY 0 VAN ALSTYNE ISD 1 WESTON CITY 1 WHITEWRIGHT ISD 0 WYLIE CITY 22 WYLIE ISD 60 TOTALS 2000 2025 ALLOCATION OF VOTES BOARD OF DIRECTORS APPOINTMENT ENTITY NAME # OF VOTES ALLOCATED NOTE: ELIGIBILITY OF VOTING ENTITIES AND CALCULATIONS PER SECTION 6.03 OF THE TEXAS PROPERTY TAX CODE. PERCENTAGE OF TAX LEVY CALCULATIONS ARE BASED ON THE JULY 24, 2025 CERTFIED ROLL, TIMES THE 2025 TAX RATE, DIVIDED BY THE TOTAL CALCULATED TAX LEVY FOR ALL TAXING UNITS. Item No. 7.w. City Council Agenda Staff Report Meeting Date: 12/9/2025 Staff Contact: Carrie Land AGENDA ITEM: Consider/Discuss/Action on appointments to Boards and Commissions (Interview Committee) SUMMARY: FINANCIAL IMPACT: This item has no financial impact. BACKGROUND: Resolution 2025-08-1818 charges the Interview Committee with making recommendations for board appointments. The Committee met with all board chairs to discuss any attendance concerns, reviewed the current application pool, and solicited additional applications. They conducted ten interviews and evaluated and ranked each applicant for both vacant positions and potential replacement appointments. STRATEGIC CONNECTIONS: This item supports the City of Anna Strategic Plan, specifically advancing the strategic outcome area: Excellent. ATTACHMENTS: Item No. 7.x. City Council Agenda Staff Report Meeting Date: 12/9/2025 Staff Contact: AGENDA ITEM: Consider/Discuss/Action on the Mayor's Office at the Municipal Complex. (Councilmember Singh) SUMMARY: FINANCIAL IMPACT: BACKGROUND: STRATEGIC CONNECTIONS: ATTACHMENTS: Item No. 10. City Council Agenda Staff Report Meeting Date: 12/9/2025 Staff Contact: AGENDA ITEM: Adjourn. SUMMARY: FINANCIAL IMPACT: BACKGROUND: STRATEGIC CONNECTIONS: ATTACHMENTS: